Autumn Fair sells reusable plastic stencils for use in decorating.When graphed,the demand schedule for Autumn Fair brand stencils forms a straight line.If at $3 per stencil,500 stencils are demanded,and at $4 per stencil,450 stencils are ordered,how many will be ordered at a price of $6 per stencil?
A) 333
B) 350
C) 400
D) 375

Question

Quizplus · Accepted Answer

The demand schedule forms a straight line, indicating a linear relationship. The slope of the demand line can be calculated as (450 - 500) / (4 - 3) = -50. Using the point-slope form of a line, we can find the demand at $6: 450 + (-50)(6 - 4) = 350.

Autumn Fair Sells Reusable Plastic Stencils for Use in Decorating