document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=415044>Question 415044</A>: <I><SPAN STYLE=\"word-break: break-all;\"> a.Suppose a market research company finds that at a price of p = $12, they would sell x = 54 tiles each month. If they lower the price to p = $6, then more people would purchase the tile, and they can expect to sell x = 60 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: Write an equation using two points in the form (x,p).  Show how you arrived at your answer. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #291016 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=291016\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">  a.Suppose a market research company finds that at a price of p = $12, they would sell x = 54 tiles each month. If they lower the price to p = $6, then more people would purchase the tile, and they can expect to sell x = 60 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: Write an equation using two points in the form (x,p). <BR>\n" );
document.write( "----<BR>\n" );
document.write( "Two points: (12,54) and (6,60)<BR>\n" );
document.write( "---<BR>\n" );
document.write( "slope = (60-54)/(6-12) = 6/-6 = -1<BR>\n" );
document.write( "----------<BR>\n" );
document.write( "Form p = mx + b<BR>\n" );
document.write( "60 = -1(6) + b<BR>\n" );
document.write( "b = 66<BR>\n" );
document.write( "-----<BR>\n" );
document.write( "Equation:<BR>\n" );
document.write( "p(x) = -x + 66<BR>\n" );
document.write( "====================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "================= </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );