Analyzing a business scenario in which an entrepreneur, Latrice, is deciding upon the optimum price for her product (that is, the price that results in the greatest profit) Latrice is starting a business making and selling greeting cards. It costs her about $2.50 in materials to make each card.
Projections
Price per card dollars
2.50
2.75
3.00
3.25
3.50
3.75
4.00
4.25
4.50
Demand number per year
1000
920
840
760
680
600
520
440
360

Cost to make each card: $2.50

SECTION A: Write an algebraic expression or equation that shows the relationship between price and demand.