When the price, p, charged for a boat tour was $25, the average number of passengers per
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When the price, p, charged for a boat tour was $25, the average number of passengers per week, N, was 500. When the price was reduced to $20, the average number of passengers per week increased to 650. Find a formula for the demand curve, assuming that it is linear.
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Step by Step Answer:
We know that a formula for passengers versus price will take the form N mp b where N ...View the full answer
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Related Book For 
Applied Calculus
ISBN: 9781119275565
6th Edition
Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale
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