A Real Estate Office Handles an Apartment Complex with 60 $- \frac { 1 } { 38 }$

question 294

Multiple Choice

A real estate office handles an apartment complex with 60 units.When the rent per unit is $98 per month, all 60 units are occupied.However, when the rent is $630 per month, the average number of occupied units drops to 46.Assume that the relationship between the monthly rent p and the demand x is linear. Select the equation of the line giving the demand x in terms of the rent p.

• A)x = 532p + 62.58
• B)x = -38p - 62.58
• C)x = \(- \frac { 1 } { 38 }\) p + 62.58
• D)x = -38p + 62.58
• E)x = 14p + 62.58

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