Post a New Question

Math

posted by on .

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 - ,

    (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

  • Math - ,

    kjkjkj

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question