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the current price of a product is $30 and its producers sell 100 items a week at this price. one week the price is dropped by $3 as a special offer and the producer sell 150 items. find an expression for the demand curve, assuming that this a linear equation.
could you explain what will the value of p (the price) and why, please.What I think you are really asking me is what will be the price demand equation.
I explain how to derive the equation from information such as that given in your question, in my free lectures on pricing.
The lectures are a complete free course for Paper PM and cover everything needed to be able to pass the exam well.
actually in bpp textbook he took 27 as price and not 30 which i didnt understand why could you explain why
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