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Linear equations have many different applications in everyday life. For example, if a company produces peanut butter, the demand curve may look like Q = 10,000 - 0.5P where Q is the quantity of peanut butter jars bought for a price P in dollars. In this linear equation, our y-intercept is 10,000 and our slope is − 0.5. With this in mind, what are some examples of linear equations found in everyday life or found in your major? Please identify the y-intercept and slope in both examples and explain the importance of your linear equation.
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