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Predict the number of two litre milk bottles

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Reference no: EM132021525

An agricultural economist estimated the following linear demand function for milk in Queensland: Q = 888 - 21.9P where Q represents the number of two litre milk bottles demanded per day in thousands and P represents the price of these bottles in dollars. If on a given day the two litre milk bottle retails for $3.48, predict the number of two litre milk bottles demanded in thousands (to nearest whole thousand).

Reference no: EM132021525

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