document.write( "Question 321434: Suppose a market research company finds that at a price of p=$20, they would sell x=42 tiles each month. If they lower the price to p=$10, then more people would purchase the tile, and they can expect to sell x=52 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. \n" ); document.write( "
Algebra.Com's Answer #230223 by checkley77(12844) ![]() You can put this solution on YOUR website! (20,42) & (10,52) \n" ); document.write( "Y=mX+b \n" ); document.write( "m=slope=(Y2-Y1)/(x2-X1)=(52-42)/(10-20)=10/-10=-1 is the slope. \n" ); document.write( "42=-1*20+b \n" ); document.write( "42=-20+b \n" ); document.write( "b=42+20 \n" ); document.write( "b=62 \n" ); document.write( "Y=-X+63 is the line equation. \n" ); document.write( " |