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E046487270805
Jan 27, 2019, 11:38 PM
Consumer demand A movie studio is releasing a new DVD, and the studio estimates that if the DVD is priced at $19.99, it will sell 6.68 million copies, whereas if it is priced at $15.99, it will sell 11.27 million copies. If f is a linear function that gives the number of copies sold (in millions) at a given price, what is the slope of f ? What does it represent in this context?

Curlyben
Jan 27, 2019, 11:46 PM
What do YOU think ?
While we're happy to help we're not going to do all the work for you.

E046487270805
Jan 28, 2019, 12:09 AM
Okay. I may have not made myself clear.

I'm done first one, but I don't know the second question: "What does it represent in this context?" I don't know how to answer this question. Could you please tell me the hints.

Curlyben
Jan 28, 2019, 12:12 AM
What does the slope tell you ?

E046487270805
Jan 28, 2019, 12:17 AM
The slope is a rate of change. The slope is 6.68 and 11.27 in my answer.

Curlyben
Jan 28, 2019, 12:27 AM
I think you may need to look at the chapter in your text book again.
These type of slopes can tell you alot of things concerning consumer demand..

E046487270805
Jan 28, 2019, 12:28 AM
Okay! Thank you :)