A large department store is prepared to buy 3,800 of your tie-dye shower curtains per month for $5 each, but only 3,600 shower c
urtains per month for $10 each. What is the linear demand function for your tie-dye shower curtains
1 answer:
Answer:
q= -40p+c
q= -40p+4,000
Step-by-step explanation:
$5 each for 3800 tye-dye shower curtains
$10 each for 3600 tye-dye shower curtains
Slope of the demand line is
3800-3600/5-10
=200/-5
= -40
Demand function is
q= -40p + c
Where c is a constant
For q=3800 and p=$5
Demand function is
q= -40p + c
3800= -40(5)+c
3800= -200+c
c=3800+200
c=4,000
Linear demand function is
q= -40p+4,000
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