Answer:
[tex]a) p(x)=-\frac{1537}{200}x+100[/tex]
[tex]b) p(10)=-\frac{1537}{200}(10)+100 \therefore p(10)=23.15 \therefore \$23.15[/tex]
Step-by-step explanation:
We want to understand the pattern of demand so that we can make plans and see if it's compensating the demand price, usually denoted by D(q) but also p, as p for price.
1. Let's gather our information:
[tex]\frac{dp}{dx} \rightarrow (q, p)= (0,100) \:and\:(6,53.89)[/tex]
2. Assuming it's a linear then:
[tex]y=mx+b\\D(q)=mx+b \:or\:p=mx+b[/tex]
3. Let's find the slope,
[tex]m=\frac{y_{2}-y_{1}}{x_{2}-x{1}} =\frac{53.89-100}{6-0} = \frac{-46.11}{6}=-\frac{1537}{200} =[/tex]
Let's write it in this form Point Slope
[tex](y-y_1)=m(x-x_1)[/tex]
But Instead of y, let's rewrite y as p, (for price).
[tex]p-100=\frac{-1537}{200}(x-0) \therefore\: p=\frac{-1537}{200}x+100\\\\p(x)=-\frac{1537}{200}x+100[/tex]
Plugging $10, for x into the demand function:
[tex]b) p(10)=-\frac{1537}{200}(10)+100 \therefore p(10)=23.15 \therefore \$23.15[/tex]
c) Could you elaborate it better? It was not quite clear.
Anyway, here's the graph of the function notice its behavior.