SOLUTION: Find the supply equation using the given information. (Let x be the number of items.) At a price of $1600 a supplier will supply 170 items. If the price decreases by $100, then th

Algebra.Com
Question 363807: Find the supply equation using the given information. (Let x be the number of items.)
At a price of $1600 a supplier will supply 170 items. If the price decreases by $100, then the supplier will supply 20 fewer items.

Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!

Hi,

(150, 1500), (170,1600)

m = 5 where Y = mx + b
Y = 5x + b
1500 = 5*150 + b
750 = b
Y = 5x + 750 would be the supply equation
checking our answer
1600 = 5*170 + 750 = 850 + 750
RELATED QUESTIONS

Find the supply equation using the given information. (Let x be the number of items.) At (answered by ikleyn)
The supply curve for a product is y = 300x + 9000, and the demand curve is y = -100x +... (answered by Fombitz)
2.Supplier of bicycles will make 200 bicycles available in the market per month when the... (answered by ikleyn)
Consider the supply equation where x is the quantity supplied in units of a thousand and... (answered by stanbon)
Consider the supply equation where x is the quantity supplied in units of a thousand and... (answered by stanbon)
Consider the supply equation where x is the quantity supplied in units of a thousand and... (answered by josgarithmetic,ikleyn)
1.When the market price is $4, producers will not be willing to furnish any units of the... (answered by ikleyn)
If the demand and supply functions of a good are given as Qd = 250-3P Qs = 2P – 50... (answered by Boreal)
Solve by using a system of equations. The number x of smartphones a manufacturer is... (answered by It is costly)