Producers of a certain brand of refrigerator will make 1600 Refrigerators available when the unit price is $220. At the unit price of $270, 5600 refrigerators will be marketed. Find the equation  relating to the unit price p of a refrigerator to the quantity supplied x if the equation is known to be linear. 

How many refrigerators will be marketed when the unit price is $320?


What is the lowest price at which a refrigerator will be marketed?

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When the quantity rises from 1600 to 5600, the unit price rises from $220 to $270, so an increase in 4000 in the quantity corresponds to an increase of $50 in the unit price. 4000 is 80 times 50, meaning that for every dollar increase in unit price there is an increase in quantity of 80. So we start with Q=80P where Q=quantity and P=unit price. 1600 is not equal to 80 times 220; 80 times 220=17600, so we need to subtract 16000 to get Q=1600, therefore we can write Q=80P-16000. This is also true if P=270, since 80P=21600, less 16000 is 5600, the quantity. Now we have an equation we can use to find Q when P=320: Q=80×320-16000=9600.

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