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Suppose the two price and quantity combinations (Q-43, P = 88) and (Q-545, P = 13) lie on the market demand curve. Solve for
Suppose the two price and quantity combinations (Q-43, P = 88) and (Q-545, P = 13) lie on the market demand curve. Solve for the market demand curve equation in the form P=a-bQ What is a + b? Enter your answer as a number to 2 decimal places. NOTE: ADD THE ABSOLUTE VALUES OF a AND b TOGETHER, E.G. IF P = 100-5Q, THEN a + b = 105.
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Answer a b 8982 As per law of demand keeping other things constant as price increases demand decreases and as price decreases demand increases b in de...
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Fundamentals of Corporate Finance
Authors: Berk, DeMarzo, Harford
2nd edition
132148234, 978-0132148238
