The following data represent the price p and quantity demanded per day q of 24-in. OLED monitors.

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The following data represent the price p and quantity demanded per day q of 24-in. OLED monitors.image


(a) Plot the ordered pairs (p, q) in a Cartesian plane.


(b) Show that quantity demanded q is a linear function of price p.


(c) Determine the linear function that describes the relation between p and q.


(d) What is the implied domain of the linear function?


(e) Graph the linear function in the Cartesian plane drawn in part (a).


(f) Interpret the slope.


(g) Interpret the values of the intercepts.

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