The question:50 pills at a price of $47.50 and 80 pills at a price of
$32.50. Determine a linear demand function for these pills.
The answer: D(q)= -.5q + 72.50
I have tried everything and can't come up with the right answer. Is my formula wrong?
My work.
50= x + 47.50
80= x + 32.50
-1(50= x + 47.50)
-50= x + -47.50
-50= x + -47.50
80= x + 32.50
30= 32.50
x= .92
50= .92(x + 47.50)
50= .92x + 43.70
y= .92x + 6.30 is my answer
$32.50. Determine a linear demand function for these pills.
The answer: D(q)= -.5q + 72.50
I have tried everything and can't come up with the right answer. Is my formula wrong?
My work.
50= x + 47.50
80= x + 32.50
-1(50= x + 47.50)
-50= x + -47.50
-50= x + -47.50
80= x + 32.50
30= 32.50
x= .92
50= .92(x + 47.50)
50= .92x + 43.70
y= .92x + 6.30 is my answer