SOLUTION: here is my problem: Suppose that a market research company finds that at a price of p=$30, they would sell x=40 tiles each month. If they lower the price to p=$20, then more peo

Algebra ->  Polynomials-and-rational-expressions -> SOLUTION: here is my problem: Suppose that a market research company finds that at a price of p=$30, they would sell x=40 tiles each month. If they lower the price to p=$20, then more peo      Log On


   



Question 286990: here is my problem:
Suppose that a market research company finds that at a price of p=$30, they would sell x=40 tiles each month. If they lower the price to p=$20, then more people would pruchase the tile, and they can expect to sell x =50 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: wirte an equation using two points inthe form (xp)).
Thank You
Rosie Reyes
rosiereyes@aol.com

Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
You have two points for your linear equation.
Find the slope and write the equation.
Tsk tsk. Many words spelled wrong!! Tsk Tsk