Find the equation of the line for the demand equation

Reference no: EM13193194

Suppose that a market research company finds that at a price of p = $31, they would sell x = 74 boxes each month. If they lower the price to p = $25, then more people would purchase the product, and they can expect to sell x = 80 boxes in a month?s time. Find the equation of the line for the demand equation. Write your answer in the form p = mx + b. (Hint: Write an equation using two points in the form (x,p)).

Reference no: EM13193194

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