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nosnomde
Mar 6, 2010, 05:00 PM
Suppose you have a lemonade stand, and when you charge $1 per cup of lemonade you sell 60 cups. But when you raise your price to $1.50 you only sell 30 cups. Write an equation for the number of cups you sell as a function of the price you charge. Denote "C" for number of cups, and "P" for the price you charge. Assume the function is linear.

galactus
Mar 8, 2010, 05:13 AM
Your line will have negative slope because as the price raises the number sold goes down.

Let P=price per cup and let C=number sold

So, we have (1,60) and (1.5,30)

Use these two coordinates to find the line equation.

nosnomde
Mar 8, 2010, 05:25 PM
Your line will have negative slope because as the price raises the number sold goes down.

Let P=price per cup and let C=number sold

So, we have (1,60) and (1.5,30)

Use these two coordinates to find the line equation.

Thanks a lot