suppose that suppliers are willing to sell 50 million lbs of coffee at a price o

Question

suppose that suppliers are willing to sell 50 million lbs of coffee at a price of $12 per pound and 7.0 million lb. at $15 per pound predict how much suppliers would be selling at a price of $6 per pound suppose that suppliers are willing to sell 50 million lbs of coffee at a price of $12 per pound and 7.0 million lb. at $15 per pound predict how much suppliers would be selling at a price of $6 per pound suppose that suppliers are willing to sell 50 million lbs of coffee at a price of $12 per pound and 7.0 million lb. at $15 per pound predict how much suppliers would be selling at a price of $6 per pound

Explanation / Answer

50 million of coffee of $ 12 per pound ---- ( $12 , 50 million) --- ( x, y)

7.0 million lb. at $15 per pound ----( $ 15 , 7.0million)

find a linear equation : slope = (50 -7)/( 12 -15) = 43/-3 = -43/3

y = -43x/3 + c; ( 12, 50)

50 = -43*12/3 + c ; c = 50 +43*4 = 222

y = -43x/3 + 222

when x= $6 ; y = -43*6/3 + 222 = -86 +222 = 136 million pound

Please recheck the values in question .

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.