Make a product (a real or an imaginary product, a new or a product competing with an existing one) for your business and construct an inverse demand equation for this product. This demand function is supposed to help you arrive at a pricing strategy that benefits your business.

1. Describe your product and its characteristics (What is it, how is it used, what is the competitive landscape for your product, what are the current market prices, etc.). I emphasize that you are the one who knows the most about your product. Therefore, if any description or estimation does not conform to common sense, it indicates that you are not familiar with your product and with the assignment. Your estimation of the demand parameters should be based on this description. Your professional presentation style is also graded here.
2. As the manager of your product, you are in the best position to provide a best professional guess for intercept "a", and slope "b". Describe the process by which you estimated intercept "a", and slope "b". This description crucially depends on fully understanding what these parameters mean and imply. Feel free to interpret and describe them for your product. Simply stating that the numbers are the intercept and slope will not give you any credit. Feel free to round the number so that you can work with it easily and that your calculations don't get overly complicated. Then what is the equation for the product?