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OpenStudy (anonymous):
A paint store sells 270 pails of paint per month at a price of $32 each. A customer survey indicates that for each $1.20 decrease in price, sales will increase by 6 pails of paint. What is the demand function?
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OpenStudy (stormswan):
86-0.2x. I am pretty sure
OpenStudy (anonymous):
yes that is the right answer, but can you please explain how you got it ?
OpenStudy (stormswan):
N = 270 + 6(x/1.2), where N is the number sold and x is the decrease in price.
OpenStudy (stormswan):
do you get that?
OpenStudy (anonymous):
Yuppp thanks !
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OpenStudy (stormswan):
no problem :)
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