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(Solved): The following table shows worldwide sales of cell phones by a certain company and their average wh ...



The following table shows worldwide sales of cell phones by a certain company and their average wholesale prices in the first

The following table shows worldwide sales of cell phones by a certain company and their average wholesale prices in the first quarters of 2009 and 2010. (a) Use the data to obtain a linear demand function for the company's cell phones. (Let be the price, and let be the demand). Use your demand equation to predict sales if the company lowered the price further to . million phones (b) Fill in the blank. For every increase in price, sales of cell phones decrease by million units.


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