Digital Genius manufactures a cell phone charging pad that can fully charge any cell phone that is placed on it in 15 minutes. The analytics department determined that at a price of $102.00 each, the demand would be 3 thousand pads, and at $62.00 each, the demand would be
13 thousand pads. Based on the assumption that a linear relationship exists between price and demand, the price-demand equation is
given by
p() = -40 + 114,
where x is the number of
thousands of pads in demand. At what price point should they sell the pads to have a demand of 11 thousand
pads?
A
$44.00
В.
$25.75
c.
$28.50
D.
$70.00