Question: Two points on a linear demand function are ($20 + ????, 80,000)& ($30 + ????, 62,500). (where N is the last digit of your roll

Two points on a linear demand function are ($20 + ????, 80,000)& ($30 + ????, 62,500).

(where "N" is the last digit of your roll number)

(i) Determine the demand function ???? = ????(????).

(ii) What price would result in demand of 50,000 units.

(iii) Interpret the slope of the function.

(iv) Define the restricted domain and range for the function.

(v) Determine the "q" intercept and interpret its meaning.

(vi) Determine the "p" intercept and interpret its meaning.

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