document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=121745>Question 121745</A>: <I><SPAN STYLE=\"word-break: break-all;\">    1. In this problem, we will 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( "         a. Suppose that 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( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #89388 by </B><A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><B>jim_thompson5910(35256)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><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=89388\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Note: I'm going to use \"y\" instead of \"p\" \r<BR>\n" );
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document.write( "Since the price is p=$20, this means y=20 when x=42. So we have the first point (42,20).\r<BR>\n" );
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document.write( "Also since the price is p=$10, this means y=10 when x=52. So we have the second point (10,52).\r<BR>\n" );
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document.write( "So let's find the equation of the line through the points (42,20) and (10,52):\r<BR>\n" );
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document.write( "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=10 ALIGN=MIDDLE  ALT=\"10\"   DISABLED_style= \"max-width:90%; height:auto;\" >,<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=52 ALIGN=MIDDLE  ALT=\"52\"   DISABLED_style= \"max-width:90%; height:auto;\" >)\r<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/rendertex.cgi?\Large \left(x_{1},y_{1}\right)\"> 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/rendertex.cgi?\Large \left(x_{2},y_{2}\right)\"> is the second point (<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=10 ALIGN=MIDDLE  ALT=\"10\"   DISABLED_style= \"max-width:90%; height:auto;\" >,<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=52 ALIGN=MIDDLE  ALT=\"52\"   DISABLED_style= \"max-width:90%; height:auto;\" >))\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=m=%2852-20%29%2F%2810-42%29 ALIGN=MIDDLE  ALT=\"m=%2852-20%29%2F%2810-42%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=52 ALIGN=MIDDLE  ALT=\"y%5B2%5D=52\"   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=10 ALIGN=MIDDLE  ALT=\"x%5B2%5D=10\"   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)\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=m=+32%2F-32 ALIGN=MIDDLE  ALT=\"m=+32%2F-32\"   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=52-20 ALIGN=MIDDLE  ALT=\"52-20\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=32 ALIGN=MIDDLE  ALT=\"32\"   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=10-42 ALIGN=MIDDLE  ALT=\"10-42\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=-32 ALIGN=MIDDLE  ALT=\"-32\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<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\r<BR>\n" );
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document.write( "So the slope is\r<BR>\n" );
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document.write( "Now let's use the point-slope formula to find the equation of the line:\r<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/rendertex.cgi?\Large \left(\textrm{x_{1},y_{1}}\right)\"> is one of the given points\r<BR>\n" );
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document.write( "So lets use the Point-Slope Formula to find the equation of the line\r<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)\r<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;\" >\r<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 ALIGN=MIDDLE  ALT=\"42\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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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\r<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;\" > \r<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=10 ALIGN=MIDDLE  ALT=\"10\"   DISABLED_style= \"max-width:90%; height:auto;\" >,<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=52 ALIGN=MIDDLE  ALT=\"52\"   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;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=p=-x%2B62 ALIGN=MIDDLE  ALT=\"p=-x%2B62\"   DISABLED_style= \"max-width:90%; height:auto;\" > Now replace y with p \r<BR>\n" );
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document.write( "Answer:\r<BR>\n" );
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document.write( "So the demand equation is:\r<BR>\n" );
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