Math Problem Statement

The Unique Gifts catalog lists a "super loud and vibrating alarm clock." Their records indicate the following information on the relation of monthly supply and demand quantities to the price of the clock. Demand Supply Price 167 132 $32 147 182 $40 Use this information to find the following. (a) points on the demand linear equation (x, p) =

Incorrect: Your answer is incorrect.

(smaller x-value) (x, p) =

Incorrect: Your answer is incorrect.

(larger x-value)

Solution

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Math Problem Analysis

Mathematical Concepts

Linear Equations
Supply and Demand Analysis

Formulas

Slope formula: m = (p2 - p1) / (x2 - x1)
Point-slope form: p - p1 = m(x - x1)

Theorems

Linear Equation Theorem

Suitable Grade Level

Grades 9-12