Question: 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
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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We know that a formula for passengers versus price will take the form N mp b where N ... View full answer
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