Apartment Rental \ real estate ofllce handles an a
Chapter 0, Problem 81(choose chapter or problem)
Apartment Rental \ real estate ofllce handles an a|iartment complex w ith 50 units. When the rent is $580 per month, all 50 units are occupied. However, when the rent is $625, the average number of occupied units drops to 47. As.sume that the rela- tionship between the monthly rent /; and the demand v is linear. (Note: The term (/t/Hiz/fJ relets to the number of occupied units.) (a) Write a linear equation gixing the demand \ in terms of the rent /). (b) Linear cxlrapohiiiDU I'se a graphing utility to graph the demand equation and use the tnicc leature to predict the number of units occupied il the rent is raised to Sb55. (cl Lutein- iiilcrpiiUiliiiii Predict the luimber ol units occupied if the rent is lowered to $5^)5. Verify graphically.
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