Instructions:

The graphing of linear functions is often useful to illustrate business situations. This interactive application illustrates the effect of supply and demand in pricing of hamburger. One equation is used to determine the number of pounds of hamburger to be supplied based on the retail price in dollars. A second equation illustrates consumer demand for hamburger based on the retail price charged per pound. In both equations, the quantity of hamburger is a function of the retail price.

Assume the constant in each equation to be the base number of pounds of hamburger for supply or demand. And coefficient of x is the rate of change in demand as the price changes. Change both of these amounts several times. Then change only one, the coefficient or constant. Check out problem 37 on page 382 of your textbook for the original problem.

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