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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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The Solution provides the Demand equation and the Revenue equation.

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