Solution Found!
Demand function Sales record indicate that if DVD players
Chapter 6, Problem 13E(choose chapter or problem)
Demand function Sales records indicate that if DVD players are priced at $250, then a large store sells an average of 12 units per day. If they are priced at $200, then the store sells an average of 15 units per day. Find and graph the linear demand function for DVD sales. For what prices is the demand function defined?
Questions & Answers
QUESTION:
Demand function Sales records indicate that if DVD players are priced at $250, then a large store sells an average of 12 units per day. If they are priced at $200, then the store sells an average of 15 units per day. Find and graph the linear demand function for DVD sales. For what prices is the demand function defined?
ANSWER:y2y1 m = x2x1 (equation for the slope of a linear function given 2 points as data) where: (x1,y1)=