Multiple Choice
A company that produces lawn chairs uses market surveys and linear regression to develop a demand function based on the wholesale price.The demand function is q = -110p + 7,500.At a price of $45,how many lawn chairs are demanded?
A) 1,750
B) 2,550
C) 4,950
D) 12,450
Correct Answer:
Verified
Correct Answer:
Verified
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