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    Demand and Revenue Equation

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    Results for Linear Demand Curve Estimation. Kenny Mcormick manages a 100-unit apartment building and knows from experience that all units willbe occupied if rent is $900 per month. Mcormick also knows that, on average, one additional unit will go unoccupied for each $10 increase in the monthly rental rate.

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    Are you asking only for the demand equation or the revenue equation also?

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    Solution Summary

    The Solution provides the Demand equation and the Revenue equation.