Question:
A building has 100 apartments. When the rent is $1600 per
Last updated: 8/10/2022
A building has 100 apartments. When the rent is $1600 per month, all the apartments are occupied. However, when rent is $1700 per month, only 90 apartments are occupied. Assume the relationship between the rent, r, and the number of apartments rented (the demand, d) is linear. Write a linear equation that gives the demand d in terms of the rent.