(1 point) Suppose a mining company will supply 89000 tons of ore per month if the price is 100 dollars per ton but will supply 68500 tons per month if the price is 15 dollars per ton. Write a formula for the quantity supplied q as a function of unit price, p, assuming that quantity changes at a constant rate with respect to price. q =
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We know that the quantity supplied changes at a constant rate with respect to price. So, we can assume a linear relationship between the quantity supplied (q) and the unit price (P). Show more…
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