Question

a company has learned that by pricing a newly-released toy at 6 Stars sales will reach 2,000 per day raising the price to $8 will cause the sales to fall thousand per day assume the ratio of change in price to change in daily sales is constant and let X be the price of the toy and Y be the number of sales.find the linear equation that models the price sales relationship for this toy. use this equation to predict the daily sales of the toy if the price is set at $6.50

Answer 1

Ek, this is the solution:

Step 1: Let's review the information provided to us to answer the problem correctly.

Sales of the new toy = 2,000 per day

Price of the toy when sales are 2,000 per day = $ 6

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