SOLUTION: You have just opened a new nightclub, Russ' Techno Pitstop, but are unsure of how high to set the cover charge (entrance fee). One week you charged $7 per guest and averaged 345 gu

Algebra ->  Linear-equations -> SOLUTION: You have just opened a new nightclub, Russ' Techno Pitstop, but are unsure of how high to set the cover charge (entrance fee). One week you charged $7 per guest and averaged 345 gu      Log On


   

Question 1164711: You have just opened a new nightclub, Russ' Techno Pitstop, but are unsure of how high to set the cover charge (entrance fee). One week you charged $7 per guest and averaged 345 guests per night. The next week you charged $10 per guest and averaged 300 guests per night.
(a) Find a linear demand equation showing the number of guests q per night as a function of the cover charge p.
q(p) =

Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!


You are given two data points where the demand value (q) is a function of the price (p), namely and

Use the Two-Point Form:



Where and are the given points.


John

My calculator said it, I believe it, that settles it