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
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