Asked by Crystal
Market research has shown that at a price of $230, 100 number of plasma TV’s are sold and if the price is reduced to $190, then 200 number of TV’s are sold. Find the equation that represents this demand curve and state in the form of p=mx+b (Slope Intercept Form of a Linear Equation).
Answers
Answered by
bobpursley
190=200m+b
230=100m+b
subtract the first equation frmo the second.
40=-100m
m= -.4
now, put that m into either equation, and solve for b.
230=100m+b
subtract the first equation frmo the second.
40=-100m
m= -.4
now, put that m into either equation, and solve for b.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.