document.write( "Question 1037782: Suppose there is a linear relationship between price and demand for an object. Demand for a video game is 1000 units when the price is $40 and 2000 units when the price is $20? \n" ); document.write( "
Algebra.Com's Answer #652489 by josgarithmetic(39618)![]() ![]() ![]() You can put this solution on YOUR website! The description gives two points on a line, (x,y) for Demand for y and Price for x, if you want those ways to assign the quantities. These would be the points (40,1000) and (20,2000). Find the line which fits the form y=mx+b.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "Pick either point. \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "- \n" ); document.write( "Look into one of the steps to see m=-50. \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "That is not the only way to solve the example. I used only slope-intercept form, but the point-slope form can be used instead and later adjusted to slope-intercept form. Which way to assign the variables and what \"names\" for variables you use can be changed. I chose x and y and assigned as done. This was DEMAND as a function of unit price. \n" ); document.write( " |