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July 29, 2014

July 29, 2014

Posted by **Laly** on Friday, November 6, 2009 at 2:37pm.

A) assuming a linear relationship between price and demand, find a linear function which gives the demand for the watch in terms of its price.

B) What would be the price when the demand is 8,000?

C) What would be the demand, if the company priced the watch at $65?

- math -
**bobpursley**, Friday, November 6, 2009 at 2:50pmPrice=m*demand+b

put in both data points...

88=m2000+b

38=m12000+b

subtract the second equation from the first.

50=-10,000m

solve for m

then put either point back in the original equation, solve for b.

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