At a unit price of $55, the quantity demanded of headphones is 1000 units. At a unit price of $85, the demand drops to 600 units. Assume demand is a linear function. a. find the demand equation. b. above what price will there be no demand? c.What quantity would be demanded if the headphones were free?

Bernard Boyer

Bernard Boyer

Answered question

2022-07-28

At a unit price of $55, the quantity demanded of headphones is 1000 units. At a unit price of $85, the demand drops to 600 units. Assume demand is a linear function.
a. find the demand equation.
b. above what price will there be no demand?
c.What quantity would be demanded if the headphones were free?

Answer & Explanation

uavklarajo

uavklarajo

Beginner2022-07-29Added 17 answers

Let the demand function be ax+b
so
when price is 55$
55a+b= 1000
and when 85
85a+b= 600
30a=-400
a=-40/3
b=5200/3
(5200-40x)/3
b x=130
c 1733.33

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