Determine the price per radio when 500 radios were demanded

Reference no: EM131175808

In a small town it has been discovered that the relationship between the number of radios demanded varies linearly with its price. When the price per radio was $15, 1000 radios were demanded; when the price was $30, 700 radios were demanded.

(a) Determine the price per radio when 500 radios were demanded,

(b) above what price will the demand be zero?

Reference no: EM131175808

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