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10 Nov 2019
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A demand curve is given by 45 p + 30 q = 180, where p is the price of the product, in dollars, and q is the quantity demanded at that price. Find p - and q -intercepts and interpret them in terms of consumer demand. p -intercept: q -intercept: At a price of $ or more nobody would buy the product. If the product were given out for free, no more than units would be demanded.
Help
A demand curve is given by 45 p + 30 q = 180, where p is the price of the product, in dollars, and q is the quantity demanded at that price. Find p - and q -intercepts and interpret them in terms of consumer demand. p -intercept: q -intercept: At a price of $ or more nobody would buy the product. If the product were given out for free, no more than units would be demanded.
Nestor RutherfordLv2
9 Mar 2019