document.write( "Question 457353: Market research has shown that at a price of $230, 100 number of plasma TV’s are sold and if the price is reduced to $190, then 200 number of TV’s are sold. Find the equation that represents this demand curve and state in the form of p=mx+b (Slope Intercept Form of a Linear Equation).\r
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document.write( "I came up with a few possible answers for this question.
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document.write( "m=(p2-p1)/(x2-x1)=(190-230)/(200-100)= -2/5
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document.write( "p= -2/5x+b
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document.write( "b=270
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document.write( "p= -2/5x+270
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document.write( "p=-0.4+270 or would I leave it as -2/5x+270? Im really confused!!! \n" );
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Algebra.Com's Answer #313930 by lwsshak3(11628) ![]() You can put this solution on YOUR website! You did the problem correctly, figuring out the slope and y-intercept. There is no difference between expressing the slope in decimal or fraction form. \n" ); document.write( " |