Problema Solution
Suppose a market research company finds that at a price of p = $20, they would sell x = 42 tiles each month. If they lower the price to p = $10, then more people would purchase the tile, and they can expect to sell x = 52 tiles in a month’s time. Find the equation of the line for the demand equation.
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Suppose a market research company finds that at a price of p = $20, they would sell x = 42 tiles each month. If they lower the price to p = $10, then more people would purchase the tile, and they can expect to sell x = 52 tiles in a monthâs time. Find the equation of the line for the demand equation.
(42,20),(52,10) are two points.
slope of the line m=(10-20)/(52-42) =-1.
y-y1=m(x-x1).
y-20=-1(x-42).
y-20=-x+42
y=-x+42+20.
y=-x+62.