Suppose a certain outlet chain selling appliances has found that for one brand of home theater, the monthly demand is 270 when the price is $900. However, when the price is $860, the monthly demand is 330. Assume that the demand function for this system is linear. Let p represent price (in dollars) and q represent quantity. State the two ordered pairs in the form (q, p). List your answers from least q to greatest q. (q, p) = (?, ?) (q, p) = (?, ?) Calculate the slope m of the line connecting the two points. m = ??? Write the linear equation for the demand function. Use p for price (in dollars) and q for quantity.

Suppose a certain outlet chain selling appliances has found that for one brand of home theater, the monthly demand is 270 when the price is $900. However, when the price is $860, the monthly demand is 330. Assume that the demand function for this system is linear. Let p represent price (in dollars) and q represent quantity. State the two ordered pairs in the form (q, p). List your answers from least q to greatest q. (q, p) = (?, ?) (q, p) = (?, ?) Calculate the slope m of the line connecting the two points. m = ??? Write the linear equation for the demand function. Use p for price (in dollars) and q for quantity.

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter8: Functions

Section8.CT: Test

Problem 19CT

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Question

State the two ordered pairs in the form

(q, p).

List your answers from least q to greatest q.

(q, p) = (?, ?)

Calculate the slope m of the line connecting the two points.

m = ???

Write the linear equation for the demand function. Use p for price (in dollars) and q for quantity.

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