SOLUTION: A consumer electronics company sells 5.3 million MP3 players per month at a price of $95 apiece; when the price is lowered to $70, the company sells 7.4 million players per month.
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Question 560181: A consumer electronics company sells 5.3 million MP3 players per month at a price of $95 apiece; when the price is lowered to $70, the company sells 7.4 million players per month. How many MP3 players can the company expect to sell per month at a price of $65?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Plot number of MP3 players sold/month, , on the horizontal axis
Plot price, , of each MP3 player on vertical axis
Use the point slope formula
Multiply both sides by
------------------------
check answer
( 5.3, 95 )
close enough
------------
Now find
( n, 65 )
They can sell 7.82 million MP3 players at $65 each
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