document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=614207>Question 614207</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Just wanting to see if I am doing this right?<BR>\n" );
document.write( "	In this problem, we analyze the profit found for sales of decorative tiles. A demand equation (sometimes called a demand curve) shows how much money people would pay for a product depending on how much of that product is available on the open market. Often, the demand equation is found empirically (through experiment, or market research). \r<BR>\n" );
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document.write( "	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. Hint: Write an equation using two points in the form (x,p).\r<BR>\n" );
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document.write( "p= -x+62\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #386439 by </B><A HREF=/tutors/aboutme.mpl?userid=richwmiller><B>richwmiller(17219)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=richwmiller><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/cgi-bin/show-face.mpl?user=richwmiller><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=386439\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> the two points are (42,20) and (52,10)<BR>\n" );
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document.write( " <TR><TD  ALIGN=MIDDLE>Solved by <A  rel=nofollow HREF=http://wiki.algebra.com/index.php/Tutoring_-_pluggable_solvers>pluggable</A> solver: <A  rel=nofollow HREF=calculating_slope.solver>Finding the Equation of a Line</A></TD></TR>\n" );
document.write( "<TR><TD  ALIGN=LEFT>First lets find the slope through the points (<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=42 ALIGN=MIDDLE  ALT=\"42\"   DISABLED_style= \"max-width:90%; height:auto;\" >,<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=20 ALIGN=MIDDLE  ALT=\"20\"   DISABLED_style= \"max-width:90%; height:auto;\" >) and (<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=52 ALIGN=MIDDLE  ALT=\"52\"   DISABLED_style= \"max-width:90%; height:auto;\" >,<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=10 ALIGN=MIDDLE  ALT=\"10\"   DISABLED_style= \"max-width:90%; height:auto;\" >)<BR>\n" );
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document.write( "  <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=m=%28y%5B2%5D-y%5B1%5D%29%2F%28x%5B2%5D-x%5B1%5D%29 ALIGN=MIDDLE  ALT=\"m=%28y%5B2%5D-y%5B1%5D%29%2F%28x%5B2%5D-x%5B1%5D%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Start with the slope formula (note: (<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=x%5B1%5D ALIGN=MIDDLE  ALT=\"x%5B1%5D\"   DISABLED_style= \"max-width:90%; height:auto;\" >,<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=y%5B1%5D ALIGN=MIDDLE  ALT=\"y%5B1%5D\"   DISABLED_style= \"max-width:90%; height:auto;\" >) is the first point (<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=42 ALIGN=MIDDLE  ALT=\"42\"   DISABLED_style= \"max-width:90%; height:auto;\" >,<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=20 ALIGN=MIDDLE  ALT=\"20\"   DISABLED_style= \"max-width:90%; height:auto;\" >) and  (<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=x%5B2%5D ALIGN=MIDDLE  ALT=\"x%5B2%5D\"   DISABLED_style= \"max-width:90%; height:auto;\" >,<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=y%5B2%5D ALIGN=MIDDLE  ALT=\"y%5B2%5D\"   DISABLED_style= \"max-width:90%; height:auto;\" >) is the second point (<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=52 ALIGN=MIDDLE  ALT=\"52\"   DISABLED_style= \"max-width:90%; height:auto;\" >,<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=10 ALIGN=MIDDLE  ALT=\"10\"   DISABLED_style= \"max-width:90%; height:auto;\" >))<BR>\n" );
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document.write( "  <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=m=%2810-20%29%2F%2852-42%29 ALIGN=MIDDLE  ALT=\"m=%2810-20%29%2F%2852-42%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Plug in <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=y%5B2%5D=10 ALIGN=MIDDLE  ALT=\"y%5B2%5D=10\"   DISABLED_style= \"max-width:90%; height:auto;\" >,<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=y%5B1%5D=20 ALIGN=MIDDLE  ALT=\"y%5B1%5D=20\"   DISABLED_style= \"max-width:90%; height:auto;\" >,<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=x%5B2%5D=52 ALIGN=MIDDLE  ALT=\"x%5B2%5D=52\"   DISABLED_style= \"max-width:90%; height:auto;\" >,<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=x%5B1%5D=42 ALIGN=MIDDLE  ALT=\"x%5B1%5D=42\"   DISABLED_style= \"max-width:90%; height:auto;\" >  (these are the coordinates of given points)<BR>\n" );
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document.write( "  <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=m=+-10%2F10 ALIGN=MIDDLE  ALT=\"m=+-10%2F10\"   DISABLED_style= \"max-width:90%; height:auto;\" > Subtract the terms in the numerator <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=10-20 ALIGN=MIDDLE  ALT=\"10-20\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=-10 ALIGN=MIDDLE  ALT=\"-10\"   DISABLED_style= \"max-width:90%; height:auto;\" >.  Subtract the terms in the denominator <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=52-42 ALIGN=MIDDLE  ALT=\"52-42\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=10 ALIGN=MIDDLE  ALT=\"10\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
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document.write( "  <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=m=-1 ALIGN=MIDDLE  ALT=\"m=-1\"   DISABLED_style= \"max-width:90%; height:auto;\" > Reduce<BR>\n" );
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document.write( "  So the slope is<BR>\n" );
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document.write( "  <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=m=-1 ALIGN=MIDDLE  ALT=\"m=-1\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
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document.write( "Now let's use the point-slope formula to find the equation of the line:<BR>\n" );
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document.write( "  ------Point-Slope Formula------<BR>\n" );
document.write( "  <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=y-y%5B1%5D=m%28x-x%5B1%5D%29 ALIGN=MIDDLE  ALT=\"y-y%5B1%5D=m%28x-x%5B1%5D%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > where <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=m ALIGN=MIDDLE  ALT=\"m\"   DISABLED_style= \"max-width:90%; height:auto;\" > is the slope, and (<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=x%5B1%5D ALIGN=MIDDLE  ALT=\"x%5B1%5D\"   DISABLED_style= \"max-width:90%; height:auto;\" >,<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=y%5B1%5D ALIGN=MIDDLE  ALT=\"y%5B1%5D\"   DISABLED_style= \"max-width:90%; height:auto;\" >) is one of the given points<BR>\n" );
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document.write( "  So lets use the Point-Slope Formula to find the equation of the line<BR>\n" );
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document.write( "  <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=y-20=%28-1%29%28x-42%29 ALIGN=MIDDLE  ALT=\"y-20=%28-1%29%28x-42%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Plug in <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=m=-1 ALIGN=MIDDLE  ALT=\"m=-1\"   DISABLED_style= \"max-width:90%; height:auto;\" >, <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=x%5B1%5D=42 ALIGN=MIDDLE  ALT=\"x%5B1%5D=42\"   DISABLED_style= \"max-width:90%; height:auto;\" >, and <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=y%5B1%5D=20 ALIGN=MIDDLE  ALT=\"y%5B1%5D=20\"   DISABLED_style= \"max-width:90%; height:auto;\" > (these values are given)<BR>\n" );
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document.write( "  <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=y-20=-x%2B%28-1%29%28-42%29 ALIGN=MIDDLE  ALT=\"y-20=-x%2B%28-1%29%28-42%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Distribute <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=-1 ALIGN=MIDDLE  ALT=\"-1\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
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document.write( "  <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=y-20=-x%2B42 ALIGN=MIDDLE  ALT=\"y-20=-x%2B42\"   DISABLED_style= \"max-width:90%; height:auto;\" > Multiply <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=-1 ALIGN=MIDDLE  ALT=\"-1\"   DISABLED_style= \"max-width:90%; height:auto;\" > and <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=-42 ALIGN=MIDDLE  ALT=\"-42\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=42%2F1 ALIGN=MIDDLE  ALT=\"42%2F1\"   DISABLED_style= \"max-width:90%; height:auto;\" >. Now reduce <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=42%2F1 ALIGN=MIDDLE  ALT=\"42%2F1\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=42 ALIGN=MIDDLE  ALT=\"42\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
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document.write( "  <BR>\n" );
document.write( "  <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=y=-x%2B42%2B20 ALIGN=MIDDLE  ALT=\"y=-x%2B42%2B20\"   DISABLED_style= \"max-width:90%; height:auto;\" > Add <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=20 ALIGN=MIDDLE  ALT=\"20\"   DISABLED_style= \"max-width:90%; height:auto;\" > to  both sides to isolate y<BR>\n" );
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document.write( "  <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=y=-x%2B62 ALIGN=MIDDLE  ALT=\"y=-x%2B62\"   DISABLED_style= \"max-width:90%; height:auto;\" > Combine like terms <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=42 ALIGN=MIDDLE  ALT=\"42\"   DISABLED_style= \"max-width:90%; height:auto;\" > and <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=20 ALIGN=MIDDLE  ALT=\"20\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=62 ALIGN=MIDDLE  ALT=\"62\"   DISABLED_style= \"max-width:90%; height:auto;\" > <BR>\n" );
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document.write( "  Answer:<BR>\n" );
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document.write( "  So the equation of the line which goes through the points (<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=42 ALIGN=MIDDLE  ALT=\"42\"   DISABLED_style= \"max-width:90%; height:auto;\" >,<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=20 ALIGN=MIDDLE  ALT=\"20\"   DISABLED_style= \"max-width:90%; height:auto;\" >) and (<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=52 ALIGN=MIDDLE  ALT=\"52\"   DISABLED_style= \"max-width:90%; height:auto;\" >,<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=10 ALIGN=MIDDLE  ALT=\"10\"   DISABLED_style= \"max-width:90%; height:auto;\" >)  is:<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=y=-x%2B62 ALIGN=MIDDLE  ALT=\"y=-x%2B62\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
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document.write( "  The equation is now in <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=y=mx%2Bb ALIGN=MIDDLE  ALT=\"y=mx%2Bb\"   DISABLED_style= \"max-width:90%; height:auto;\" > form (which is slope-intercept form) where the slope is <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=m=-1 ALIGN=MIDDLE  ALT=\"m=-1\"   DISABLED_style= \"max-width:90%; height:auto;\" > and the y-intercept is <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=b=62 ALIGN=MIDDLE  ALT=\"b=62\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
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document.write( "  Notice if we graph the equation <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=y=-x%2B62 ALIGN=MIDDLE  ALT=\"y=-x%2B62\"   DISABLED_style= \"max-width:90%; height:auto;\" > and plot the points (<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=42 ALIGN=MIDDLE  ALT=\"42\"   DISABLED_style= \"max-width:90%; height:auto;\" >,<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=20 ALIGN=MIDDLE  ALT=\"20\"   DISABLED_style= \"max-width:90%; height:auto;\" >) and (<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=52 ALIGN=MIDDLE  ALT=\"52\"   DISABLED_style= \"max-width:90%; height:auto;\" >,<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=10 ALIGN=MIDDLE  ALT=\"10\"   DISABLED_style= \"max-width:90%; height:auto;\" >),  we get this: (note: if you need help with graphing, check out this <a  rel=nofollow HREF=http://www.algebra.com/algebra/homework/Linear-equations/graphing-linear-equations.solver>solver<a>)<BR>\n" );
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document.write( "  <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=drawing%28500%2C+500%2C+38%2C+56%2C+6%2C+24%2C%0D%0A++graph%28500%2C+500%2C+38%2C+56%2C+6%2C+24%2C%28-1%29x%2B62%29%2C%0D%0A++circle%2842%2C20%2C0.12%29%2C%0D%0A++circle%2842%2C20%2C0.12%2B0.03%29%2C%0D%0A++circle%2852%2C10%2C0.12%29%2C%0D%0A++circle%2852%2C10%2C0.12%2B0.03%29%0D%0A++%29+ ALIGN=MIDDLE   DISABLED_style= \"max-width:90%; height:auto;\" > Graph of <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=y=-x%2B62 ALIGN=MIDDLE  ALT=\"y=-x%2B62\"   DISABLED_style= \"max-width:90%; height:auto;\" > through the points (<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=42 ALIGN=MIDDLE  ALT=\"42\"   DISABLED_style= \"max-width:90%; height:auto;\" >,<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=20 ALIGN=MIDDLE  ALT=\"20\"   DISABLED_style= \"max-width:90%; height:auto;\" >) and (<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=52 ALIGN=MIDDLE  ALT=\"52\"   DISABLED_style= \"max-width:90%; height:auto;\" >,<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=10 ALIGN=MIDDLE  ALT=\"10\"   DISABLED_style= \"max-width:90%; height:auto;\" >)<BR>\n" );
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document.write( "  Notice how the two points lie on the line. This graphically verifies our answer.<BR>\n" );
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