document.write( "Question 785319: The following table shows worldwide sales of a certain type of cell phone and their average wholesale prices in 2009 and 2010.
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document.write( "Quarter Q1 2009 Q1 2010
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document.write( "Wholesale Price ($) 163 153
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document.write( "Sales (millions) 175 214
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document.write( "(a) Use the data to obtain a linear demand function for cell phones.
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document.write( "q(p) = \r
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document.write( "Use your demand equation to predict sales to the nearest million phones if the price was set at $156. (Round your answer to the nearest million phones.)\r
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document.write( "(b) Fill in the blank.
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document.write( "For every $1 increase in price, sales of cell phones decrease by
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Algebra.Com's Answer #477459 by xinxin(76)![]() ![]() ![]() You can put this solution on YOUR website! a)Let the function be Q(P)=aP+b, then \n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Q(P)=-3.9P+810.7 \n" ); document.write( "When P=156, Q(P)=202.3=202 millions\r \n" ); document.write( "\n" ); document.write( "b)-3.9P+810.7-(-3.9*(P+1)+810.7)=3.9 millions=3900000 \n" ); document.write( ".....sales of cell phones decrease by 3900000. \n" ); document.write( " \n" ); document.write( " |