Given :
When price is $2 dollars he sells 2400 units .
When price is $8 dollars he sells 600 units .
To Find :
If x represents the price of trucks and y the number of items sold, write an equation for the demand curve.
Solution :
Two points are given :
Now , slope is given by :
Now , the equation of line containing these two points and slope -300 is :
Therefore , equation for the demand curve is .
Hence , this is the required solution .
Answer : The equation could you use to find p is,
Step-by-step explanation :
Let the cost of 1 pen be, 'x'
and the cost of 1 pencil is, 'p'
As we are given that total cost of 1 pen and 1 pencil is $2.10. The equation will be:
............(1)
And we have also given that the pen costs twice as much as a pencil. The equation will be:
............(2)
Now put the equation 2 in equation 1, we get:
Thus, the equation could you use to find p is,