Worked Examples · Example 4
Q.A demand schedule shows two points: when price is Rs. 12, quantity demanded is 40 units; when price is Rs. 8, quantity demanded is 60 units.
(a) Find the equation of this linear demand line in the form .
(b) Using the equation, find the quantity demanded when price is Rs. 6.
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Start your 14-day free trial to unlock the full solution →Step 1 — Find the slope using the two points and :
Step 2 — Find the intercept () by substituting one point (say ) into :
Step 3 — Write the equation: .
Step 4 — Independent check (dual-solve), using the other point : . ✓ Matches, so the equation is correct.
Step 5 — Answer part (b). Substitute : . …
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