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)\"\" \"About 
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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
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\n" ); document.write( "\n" ); document.write( "\"y-mx=b\"
\n" ); document.write( "\"b=y-mx\"
\n" ); document.write( "Pick either point.
\n" ); document.write( "\"b=1000-%28%282000-1000%29%2F%2820-40%29%2940\"
\n" ); document.write( "\"b=1000-%281000%2F%28-20%29%29%2A40\"
\n" ); document.write( "\"b=1000%2B%28100%2F2%29%2A40\"
\n" ); document.write( "\"b=1000%2B50%2A40\"
\n" ); document.write( "\"b=1000%2B2000\"
\n" ); document.write( "\"b=3000\"
\n" ); document.write( "-
\n" ); document.write( "Look into one of the steps to see m=-50.
\n" ); document.write( "\"highlight%28y=-50x%2B3000%29\"\r
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\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.
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