00:01
Alrighty, we're talking about demand and price.
00:05
And so we're saying demand is 2000 when price is 40, and demand is 2 ,500 when price is 30.
00:13
We're going to say x is price and y is demand.
00:17
And when we're writing pairs, we always say x comma y.
00:23
So if x is price and y is demand, our first point is going to be 40.
00:31
Comma 2000 and our next point is going to be 30 comma 2 ,500 and so the first thing we're going to do is graph these two prices on the grid and so when we're talking about price and demand we're always going to be in the positive quadrant so one two three four i'm going to count by tens and then here we'll count by thousands or 500s roughly.
01:16
So when we're at 30, our demand is going to be 500, 1 ,000.
01:28
We want to be up here at 2 ,500.
01:31
And then when our price is 40, our demand is going to be right here at 2 ,000...