The function
p(q) = 2.45q +1.75
used to model supply equation of the item. p is price in dollars and q is quantity of items.
a. Solve p(q) = 13.5 (find q when p = 13.5)
b. Determine p(20) and write the sentence to describe its meaning.
c. Find slope of function? Describe meaning in terms of supply and price.
d. Determine the p-intercept? Interpret its meaning in terms of supply and price.
e. Draw graph of the function. Include only portion of graph which is suitable for the supply function.