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An? e-reader manufacturer expects to sell 50?,000 units each year if the selling price is ?$220. If the selling price is reduced to ?$170?, then the manufacturer expects to sell 130?,000 units each year.
a. Assume that the relationship between selling price? ($) and units sold? (1000s) is linear. Find the equation of the line that describes this relationship. Write the answer in? slope-intercept form. Let x represent the selling price and y represent the units sold? (1000s).
b. Use the equation from part? (a) to estimate the number of units that the manufacturer expects to sell if the selling price is ?$150. Use the approximate values for the slope and? y-intercept found in part a.
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