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The relationship between selling price and demand is linear.
Assuming selling price per litre along the x-axis and demand along the y-axis, we have
two points i.e., (14, 980) and (16, 1220) in the XY plane that satisfy the linear relationship
between selling price and demand.
Therefore, the linear relationship between selling price per litre and demand is the equation
of the line passing through points (14, 980) and (16, 1220).
y-y1=y2-y1/x2-x1 into (x-x1)
y-980= 1220-980 / 16-14 into (x-14)
y-980=240/2 into (x-14)
y -980 = 120 (x-14)
y =120 (x-14)+980
When x = Rs 17/litre,
y=120 (17-14)+980
y=120×3+980
y=360+980
y=1340
Thus, the owner of the milk store could sell 1340 litres of milk weekly at Rs 17/litre.
Assuming selling price per litre along the x-axis and demand along the y-axis, we have
two points i.e., (14, 980) and (16, 1220) in the XY plane that satisfy the linear relationship
between selling price and demand.
Therefore, the linear relationship between selling price per litre and demand is the equation
of the line passing through points (14, 980) and (16, 1220).
y-y1=y2-y1/x2-x1 into (x-x1)
y-980= 1220-980 / 16-14 into (x-14)
y-980=240/2 into (x-14)
y -980 = 120 (x-14)
y =120 (x-14)+980
When x = Rs 17/litre,
y=120 (17-14)+980
y=120×3+980
y=360+980
y=1340
Thus, the owner of the milk store could sell 1340 litres of milk weekly at Rs 17/litre.
ayushichaurasiya98:
thanks for the question. it is a nice question.
Answered by
3
The relationship between selling price and demand is linear.
Assuming selling price per litre along the x-axis and demand along the y-axis, we have
two points i.e., (14, 980) and (16, 1220) in the XY plane that satisfy the linear relationship
between selling price and demand.
Therefore, the linear relationship between selling price per litre and demand is the equation
of the line passing through points (14, 980) and (16, 1220).
y-y1=y2-y1/x2-x1 into (x-x1)
y-980= 1220-980 / 16-14 into (x-14)
y-980=240/2 into (x-14)
y -980 = 120 (x-14)
y =120 (x-14)+980
When x = Rs 17/litre,
y=120 (17-14)+980
y=120×3+980
y=360+980
y=1340
Thus, the owner of the milk store could sell 1340 litres of milk weekly at Rs 17/litre.
Hope that this answer will help you ullu ❤️❤️
Assuming selling price per litre along the x-axis and demand along the y-axis, we have
two points i.e., (14, 980) and (16, 1220) in the XY plane that satisfy the linear relationship
between selling price and demand.
Therefore, the linear relationship between selling price per litre and demand is the equation
of the line passing through points (14, 980) and (16, 1220).
y-y1=y2-y1/x2-x1 into (x-x1)
y-980= 1220-980 / 16-14 into (x-14)
y-980=240/2 into (x-14)
y -980 = 120 (x-14)
y =120 (x-14)+980
When x = Rs 17/litre,
y=120 (17-14)+980
y=120×3+980
y=360+980
y=1340
Thus, the owner of the milk store could sell 1340 litres of milk weekly at Rs 17/litre.
Hope that this answer will help you ullu ❤️❤️
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