P=100-6q where p is price and q is quantity. plot a demand curve, what is slope, p-intercept, q-intercept?
Answer:
remember
y = mx + b
same here
p = -6q + 100
m= -6 that is the slope
b= 100 that is the p intercept as if it were a y intercept
figure the q intercept by setting p=0 and slove for q = 100/6
Sorry I can't figure the answer out, although you should have posted this question in a math category.
Are you sure you want YA people to do your homework for you? You HAVE seen some of the questions and answers given on this site, haven't you?
AHHH its my college Macro-Economics class all over again!!
and this time there is not take home tests!!?
well even though i got an A in the course... i can't remember the answers off the top of my head.
go take an economics class and learn...
although i have the feeling you are already in one, hence why you are asking
do your own homework!
the p and q intercepts are the value of the other when one equals zero. so, the q intercept is P=100 and the Q intercept is 16.67. To plot the demand curve you will just draw a line where P intercepts at 100 and the slope will be -6.
i don't normally help people with their homework. i'm not going to start now. sorry.
The answers post by the user, for information only, FunQA.com does not guarantee the right.
More Questions and Answers: