SOLUTION: The consumers will demand 20 units when the price of a product is $69, and 33 units when the price is $50. Find the demand function (express thr price in terms of the quantity ),
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Question 403382: The consumers will demand 20 units when the price of a product is $69, and 33 units when the price is $50. Find the demand function (express thr price in terms of the quantity ), assuming it is linear.
Answer by sofiyac(983) (Show Source): You can put this solution on YOUR website!
(20,69)
(33,50)
So x is units and y is price
Use the point slope formula and plug in the slope and one of the points given
add 69 to each side
simplify
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