Math Problem Statement
Solution
The problem asks for a demand function based on price and quantity, and to graph it.
From the information:
- When the price IDR, the demand units.
- When the price IDR, the demand units.
We can express the demand function in the form of a linear equation: where is the price, is the quantity demanded, is the slope, and is the intercept.
Step 1: Find the slope (m)
The slope of a line is calculated using the formula: Substitute the given values: Thus, the slope .
Step 2: Find the intercept (c)
We use one of the points to find the intercept. Let's use and : Thus, the demand function is:
Step 3: Rearrange to the demand form
The demand function is typically written with as the subject:
Graphing the Function
The demand function is a straight line with a negative slope. It starts at when and decreases by 2,000 for each additional unit of .
If you'd like, I can graph this function for you.
Would you like more details on the process? Here are some related questions:
- How do we interpret the slope in a demand function?
- What does the intercept represent in the context of this problem?
- How would the demand curve change if the slope was steeper or flatter?
- How can this function help in predicting future demand based on price changes?
- How would we calculate elasticity from this demand function?
Tip: The slope in a demand function represents how sensitive the quantity demanded is to changes in price. A steeper slope means demand is less sensitive to price changes.
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Math Problem Analysis
Mathematical Concepts
Algebra
Linear Functions
Demand Function
Formulas
Linear equation: P = mQ + c
Slope formula: m = (P2 - P1) / (Q2 - Q1)
Theorems
Linear equation properties
Suitable Grade Level
Grades 10-12
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