Posted by **Jill** on Friday, September 30, 2011 at 4:43pm.

a. Suppose a market research company finds that at a price of p = $30, they would sell x = 58 tiles each month. If they lower the price to p = $18, then more people would purchase the tile, and they can expect to sell x = 70 tiles in a month’s time. Find the equation of the line for the demand equation.

- Math -
**Henry**, Saturday, October 1, 2011 at 8:53pm
(58,30), (70,18),

m = (18-30) / (70-58) = -12 / 12 = -1.

Y = mx + b = 30,

-1*58 + b = 30,

b = 88.

Eq: P = -X + 88

## Answer this Question

## Related Questions

math - Suppose that a market research company finds that at a price of p=$25, ...

algebra - Suppose a market research company finds that at a price of p=$25,they ...

Algebra II - Suppose a market research company finds that at a price of p = $20...

algebra - Two part question: Suppose a market research company finds that at a ...

math - a. Suppose a market research company finds that at a price of p = $40, ...

math - a. Suppose a market research company finds that at a price of p = $20, ...

math - a. Suppose a market research company finds that at a price of p = $20, ...

algebra - suppose a market research company finds that a price of p=$22, they ...

algebra - ) Suppose a market research company finds that at a price of p = $30, ...

ALGEBRA - Suppose a market research company finds that at a price of p = $20, ...