Find the equation of the line for the demand


Discuss the below:

Q: 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.

Solution Preview :

Prepared by a verified Expert
Microeconomics: Find the equation of the line for the demand
Reference No:- TGS01930333

Now Priced at $20 (50% Discount)

Recommended (91%)

Rated (4.3/5)