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Natasha2012 [34]
1 year ago
7

Please see attached photo for problem from my homework set. Thanks in advance!

Mathematics
1 answer:
stealth61 [152]1 year ago
4 0

We have to find the equation of the line that represents the demand function.

The first step is to find the slope of the line, using the given pair of values.

m=\frac{8.45-9.95}{95-80}=-0.1

Now, use the point slope formula to find the equation of the line:

\begin{gathered} p-8.45=-0.1(q-95) \\ p=-0.1q+9.5+8.45 \\ p=-0.1q+17.95 \end{gathered}

It means that the answer is p=-0.1q+17.95.

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