Suppose a certain home improvement outlet knows that the monthly demand for framing studs is 2,500 when the price is $5.00 each but that the demand is 3,900 when the price is $4.44 each. Assuming that the demand function is linear, write its equation. Use p for price (in dollars) and q for quantity.

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section: Chapter Questions
Problem 7T
icon
Related questions
Question
Suppose a certain home improvement outlet knows that the monthly demand for framing studs is 2,500 when the price is $5.00 each but that the demand is 3,900 when the price is $4.44 each. Assuming that the
demand function is linear, write its equation. Use p for price (in dollars) and q for quantity.
Transcribed Image Text:Suppose a certain home improvement outlet knows that the monthly demand for framing studs is 2,500 when the price is $5.00 each but that the demand is 3,900 when the price is $4.44 each. Assuming that the demand function is linear, write its equation. Use p for price (in dollars) and q for quantity.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell