Math Problem Statement
Find the supply equation using the given information. (Let x be the number of items.) At a price of $1500 a supplier will supply 170 items. If the price decreases by $100, then the supplier will supply 20 fewer items.
Solution
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Math Problem Analysis
Mathematical Concepts
Linear Equations
Supply and Demand
Slope-Intercept Form
Formulas
p = mx + b
Slope Formula: m = Δp / Δx
Theorems
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Suitable Grade Level
Grades 9-12