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Suppose that when a hotel charges $50 per night, 200 rooms are rented and when they charge $75 per room, 150 rooms are rented. Assuming a linear relationship between x, the number of rooms rented and y, the price charged per room, and an
equation that relates the price y and the demand x for the hotel rooms.

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9480363

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