Question: Develop a linear model relating the demand for Goody Woods' Chairs to the price. Also find the price and model for revenue maximization People buy

Develop a linear model relating the demand for Goody Woods' Chairs

Develop a linear model relating the demand for Goody Woods' Chairs to the price. Also find the price and model for revenue maximization People buy 1540 and 1220 chairs at Rs 240 and Rs 320 respectively

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