Suppose a mining company will supply 80,000 tons of ore per month if the price is $25 per ton but will supply only 60,000 tons per month if the price is $20 per ton. Assume the demand function is linear. Choose the correct equation for demand in the form p for price in terms of q for quantity. Round your coefficients to five decimal places.

Question

Suppose a mining company will supply 80,000 tons of ore per month if the price is $25 per ton but will supply only 60,000 tons per month if the price is $20 per ton. Assume the demand function is linear. Choose the correct equation for demand in the form p for price in terms of q for quantity. Round your coefficients to five decimal places. ​

Quizplus · Accepted Answer

The Answer of Suppose a mining company will supply 80,000 tons of ore per month if the price is $25 per ton but will supply only 60,000 tons per month if the price is $20 per ton. Assume the demand function is linear. Choose the correct equation for demand in the form p for price in terms of q for quantity. Round your coefficients to five decimal places. ​

Suppose a Mining Company Will Supply 80,000 Tons of Ore