Sunny Mountain Company will make 1900 snow blowers available when the unit price is $630. At a unit price of $830, they will market 5120 snow blowers. Find the

Question

im simply having trouble finding th answer for each part I know you have to use the y1-y2 divided by x1-x2 and use mx+b

Answer 1

(1900, 630) and (5120, 830) are two points on the Supply Curve

Plot Q = quantity supplied on the horizontal axis and price P on the vertical axis

Assuming it's a linear relationship, the equation for the supply curve is a line

(830 - 630)/(5120 - 1900) = 200/3220 = 10/161

P = (10/161)Q + b. to solve for b plug in either point

630 = (10/161)(1900) + b

b = 630 - 19,000/161

P = 10Q/161 + 512