Solved

The Y- Axis Intercept of the Demand Curve Is 60

Question 118

Multiple Choice

The y- axis intercept of the demand curve is 60 and the slope is - 8.The equation of the demand curve is


A) P = 8 - 60QD.
B) P = 60 - 8QD.
C) QD = 60 - 8P.
D) P = 60 + 8QD.
E) QD = 60 + 8P.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q113: The demand curve is P = 800

Q114: Use the table below to answer the

Q115: The price at which sellers are not

Q116: Use the information below to answer the

Q117: Some sales managers are talking shop.Which one

Q119: Use the table below to answer the

Q120: Use the table below to answer the

Q121: Use the table below to answer the

Q122: If A and B are complements in

Q123: Use the figure below to answer the