In a class of 120 students, everybody would take two hamburgers if the price were...
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In a class of 120 students, everybody would take two hamburgers if the price were zero, and no one wouldbuy hamburgers if the price were $4 or more.Assume that the class demand curve for hamburgers is linear and give a formula(a) (3 pts) describing quantity as a function of price (demand curve)(b) (3 pts) describing price as a function of quantity (this is sometimes called the inverse demand curve)(1 pt) Explain what the equation tells you for the demand for hamburgers when the price is $3.99.
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