Question

Sheila decides to begin a chocolate bar business. She estimates that if she sold the bars...

Sheila decides to begin a chocolate bar business. She estimates that if she sold the bars for $1.50 she would sell 36,000 bars. She also estimates that if the price increased to $2.00 per bar, she would sell 26,000 bars, that is, the ​demand​ for chocolate bars would decrease.

  • ● Find an equation for what is known as the demand curve. Assume the demand is a linear function. Make the quantity of bars sold the input variable and the price of the bars the output variable.

  • ● Graph the demand curve with quantity along the x-axis and the price along the y-axis.

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