SOLUTION: here is my problem: Suppose that a market research company finds that at a price of p=$30, they would sell x=40 tiles each month. If they lower the price to p=$20, then more peo

Question 286990: here is my problem:
Suppose that a market research company finds that at a price of p=$30, they would sell x=40 tiles each month. If they lower the price to p=$20, then more people would pruchase the tile, and they can expect to sell x =50 tiles in a month's time. Find the equation of the line for the demand equation. Write your answer in the form p=mx+b (hint: wirte an equation using two points inthe form (xp)).
Thank You
Rosie Reyes
rosiereyes@aol.com
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
You have two points for your linear equation.
Find the slope and write the equation.
Tsk tsk. Many words spelled wrong!! Tsk Tsk
RELATED QUESTIONS
Suppose a market research company finds that at a price of p = $50, they would sell x =... (answered by stanbon)

Suppose a market research company finds that at p=$20, they would sell x=42 tiles each... (answered by josmiceli)

My problem is regarding "demand equation" or demand curve. Here is the word problem:... (answered by MRperkins,solver91311)

a. Suppose that a market research company finds that at a price of p = $20, they would... (answered by stanbon)

a. Suppose that a market research company finds that at a price of p = $20, they would... (answered by MissionPossible)

a. Suppose that a market research company finds that at a price of p = $20, they would... (answered by Theo)

Suppose that a market research company finds that at a price of p = $20, they would sell... (answered by stanbon)

Suppose that a market research company finds that at a price of p=$20, they would sell... (answered by nerdybill)

Suppose that a market research company finds that at a price of p = $20, they would sell... (answered by drk)