document.write( "Question 341252: Find the equation of the line for the demand equation. What format do I use to obtain the equation of price of p=$20, which would sell x=42 sneakers each week. If the price were lowered to p=$10, one could expect to sell x=52 of sneakers per week.
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document.write( "How do I write an equation using 2 points in the form x,p.? \n" );
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Algebra.Com's Answer #244336 by stanbon(75887) ![]() You can put this solution on YOUR website! Find the equation of the line for the demand equation. What format do I use to obtain the equation of price of p=$20, which would sell x=42 sneakers each week. If the price were lowered to p=$10, one could expect to sell x=52 of sneakers per week. \n" ); document.write( "How do I write an equation using 2 points in the form x,p.? \n" ); document.write( "---------- \n" ); document.write( "You have two points: (42,20) and (52,10) \n" ); document.write( "---- \n" ); document.write( "slope = (10-20)/(52-42) = -10/10 = -1 \n" ); document.write( "----- \n" ); document.write( "Use one of the points and the slope to get: \n" ); document.write( "10 = -1(52)+b \n" ); document.write( "b = 62 \n" ); document.write( "--- \n" ); document.write( "Equation: \n" ); document.write( "price = -(number sold) + 62 \n" ); document.write( "p = -x + 62 \n" ); document.write( "================================= \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |