If you were to graph the equation y = 40 - 0.4x, the y-intercept would be_______ , the x-intercept would be______ , and the slope is ________ .

If you were to graph the equation y = 30 + 0.3x, the y-intercept would be________ , the x-intercept would be ________ , and the slope is _______ .

If we have the following demand equation:

q = 50 - 2p

We can rearrange it to get the following inverse demand equation:

p = 25 - 0.5q

Given these equations,pq= and qp= .

If (inverse) demand and (inverse) supply are as follows:

Demand: p = 50 - 1.25q

Supply p = 10 + 0.75q

Then equilibrium price will be and equilibrium quantity will be