Answered step by step
Verified Expert Solution
Question
1 Approved Answer
demand curve: p (Q) =a - b Q the values given are: when the lady sells 1000 flowers the price is 60. and when she
demand curve:
p (Q) =a - b Q
the values given are:
when the lady sells 1000 flowers the price is 60. and when she sells 750 the price is 90.
Show that a = 180 and b = 6/25.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started