SOLUTION: A large department store is prepared to buy 3,800 of your tie-dye shower curtains per month for $6 each, but only 3,600 shower curtains per month for $11 each. What is the linear d
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Question 1045993: A large department store is prepared to buy 3,800 of your tie-dye shower curtains per month for $6 each, but only 3,600 shower curtains per month for $11 each. What is the linear demand function for your tie-dye shower curtains?
q(p) =
Answer by robertb(5830) (Show Source): You can put this solution on YOUR website!
$6 each ===> 3,800 curtains per month
$11 each ===> 3,600 curtains per month.
===> slope of the demand line is .
===> demand function is q = -40p + c for some constant c.
Let 3,800 = -40*6 + c.
===> c = 4,040.
Therefore the linear demand function is q = -40p + 4,040.
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