An economist modeled the demand $Q$ for a certain product as a linear function of the selling price $P$. The demand was 20,000 units when the selling price was $40 per unit, and the demand was 15,000 units when the selling price was $60 per unit. Based on the model, what is the demand, in units, when the selling price is $55 per unit?
MM
Mashaal Masha
Mar 20, 2024
An economist modeled the demand $Q$ for a certain product as a linear function of the selling price $P$. The demand was 20,000 units when the selling price was $\$40$ per unit, and the demand was 15,000 units when the selling price was $\$60$ per unit. Based on the model, what is the demand, in units, when the selling price is $\$55$ per unit?