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A market research company finds that at a price of p=$20,they would sell x=42 tiles each month. If they lower the prcie to p=$10,then more people would purchase the tile,and they can expect to sell x=52 tiles in a months time. Find the equation of the line for the demand equation. The equation needs to be in the form p=mx+b.
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The solution comprised of the answers of how to find the equation of the line for the demand equation.
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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 ...
Purchase this Solution
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