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9 January, 10:57

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 curtains per month for $10 each. What is the linear demand function for your tie-dye shower curtains

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  1. 9 January, 13:37
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    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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