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Price-demand:-
The weekly demand for mouthwash in a chain of drug stores is 1,160 bottles at a price of $3.79 each. If the price is lowered to $3.59, the weekly demand increases to 1,320 bottles.
Assuming that the relationship between the weekly demand x and price per bottle p is linear, express p in terms of x. How many bottles would the stores sell each week if the price were lowered to $3.29?
Is inventory an asset or a liability? How do we determine if it is an asset or a liability? Please provide specific examples.
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