Question

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

Answer 1

q= -40p+c

q= -40p+4,000

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