document.write( "Question 263593: A real estate office handles an apartment complex with 50 units. When the rent per unit is $580 per month all 50 units are occupied. However when the rent is $625 per month, the average number of occupied units drops to 47. Assume that the relationship betweeen the monthly rent p and the demand x is linear. Write the equation of the line giving the demand x in terms of the rent p. Use this equation to predict the number of units occupied when the rent $655. Predict the number of units occupied when the rent is $595. \n" ); document.write( "
Algebra.Com's Answer #194244 by richwmiller(17219) You can put this solution on YOUR website! use 580 and 50 as x and y \n" ); document.write( "625 and 47 as another x and y \n" ); document.write( "find the slope \n" ); document.write( "(y-y)/(x-x)=m \n" ); document.write( "y=mx +b \n" ); document.write( "plug in one of the two s's and y's and the new m, to find b \n" ); document.write( "then insert the new m and the new b in y=mx+b \n" ); document.write( "now insert x as 655 and again as 595 to find the number of units rented \n" ); document.write( " |