Question: An apartment complex has 50 units. When the rent is $580 per month, all 50 units are occupied. However, she the rent is $675 per

An apartment complex has 50 units. When the rent is $580 per month, all 50 units are occupied. However, she the rent is $675 per month, the average number of occupied units drops to 47.

a) assume the relationship between the monthly rent,p, and the demand,y, is linear. Write the equation of the line giving the demand y in terms of the rent, p.

b) use this equation to predict the number of units occupied if the rent is $625. Is this interpolation or extrapolation?

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