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anonymous
 3 years ago
A baseball team plays in a stadium that holds 51,000 spectators. With ticket prices at $10, the average attendance had been 38,000. When ticket prices were lowered to $8, the average attendance rose to 42,000. Find the demand function (price p as a function of attendance x), assuming it to be linear??
anonymous
 3 years ago
A baseball team plays in a stadium that holds 51,000 spectators. With ticket prices at $10, the average attendance had been 38,000. When ticket prices were lowered to $8, the average attendance rose to 42,000. Find the demand function (price p as a function of attendance x), assuming it to be linear??

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anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0I just need to find the equation. i keep getting this and its wrong : p = 1000 x+ 59,000

jim_thompson5910
 3 years ago
Best ResponseYou've already chosen the best response.1With ticket prices at $10, the average attendance had been 38,000 means x = 38000 p = 10 giving you one point (38000, 10)

jim_thompson5910
 3 years ago
Best ResponseYou've already chosen the best response.1When ticket prices were lowered to $8, the average attendance rose to 42,000 means x = 42000 p = 8 so another point is (42000, 8)

jim_thompson5910
 3 years ago
Best ResponseYou've already chosen the best response.1now find the slope of the line through those two points

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0yes and i get p = 1000 x+ 59,000

jim_thompson5910
 3 years ago
Best ResponseYou've already chosen the best response.1the slope is way to big

jim_thompson5910
 3 years ago
Best ResponseYou've already chosen the best response.1m = (y2y1)/(x2x1) m = ( 8 10)/(4200038000) m = 2/4000 m = 1/2000 So the slope of the line that passes through the two points is 1/2000

jim_thompson5910
 3 years ago
Best ResponseYou've already chosen the best response.1y = mx + b y = (1/2000)x + b 38000 = (1/2000)(10) + b solve for b

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0im getting b=7600001/200 n i believe thats way too big

jim_thompson5910
 3 years ago
Best ResponseYou've already chosen the best response.138000 = (1/2000)(10) + b 38000 = 1/200 + b 38000 + 1/200 = b 7600000/200 + 1/200 = b 7600001/200 = b b = 7600001/200 b = 38000.005

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0so y=(1/2000)x +760001/200?

jim_thompson5910
 3 years ago
Best ResponseYou've already chosen the best response.1try using decimal form instead of fraction form

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0(a) Find the demand function (price p as a function of attendance x), assuming it to be linear.

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0thats the actual question

jim_thompson5910
 3 years ago
Best ResponseYou've already chosen the best response.1maybe you entered the fraction in wrong, try it in decimal form

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0yea it doesn't let me put in decimals

jim_thompson5910
 3 years ago
Best ResponseYou've already chosen the best response.1ok post a screenshot of what you're inputting

jim_thompson5910
 3 years ago
Best ResponseYou've already chosen the best response.1the numbers are different from what you gave me

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0yea I just noticed wow.. im sorry

jim_thompson5910
 3 years ago
Best ResponseYou've already chosen the best response.1it's fine, use the same idea just with these correct values
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