00:01
Okay, we're going to develop a linear demand function.
00:05
So with that, we're actually going to consider that our y value is the item and the x value is our price.
00:13
So here, you're going to be putting a price in and you get a quantity out.
00:17
So that means one of our points is going to be putting $5 in.
00:23
You would actually get the $3 ,950 out.
00:30
So pretty much that's for tie -dye curtains per month.
00:35
Now, you can sell, if you price them at $10 each, you'd only be selling $3 ,700.
00:44
Okay, so let's find our slope.
00:46
That's going to be the change in our y values divided by the change in our x values...