Suppose the two price and quantity combinations (Q=10, P = 31) and (Q = 202, P = 3) lie on the market demand curve.<\/p>
Solve for the market demand curve equation in the form<\/p>
P = a - bQ<\/p>
What is a + b?<\/p>
Enter your answer as a number to 2 decimal places.<\/p>
NOTE: ADD THE ABSOLUTE VALUES OF a AND b TOGETHER, E.G. IF P = 100 - 5Q, THEN a + b = 105.<\/p>", "transcribed_text": "", "related_book": { "title": "Portfolio Management In Practice Volume 1", "isbn": "1119743699, 978-1119743699", "edition": "1 Edition", "authors": "CFA Institute", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/65fa85b0dd6f9_255385.jpg", "uri": "\/textbooks\/portfolio-management-in-practice-volume-1-1-edition-9781119743699-255385", "see_more_uri": "" }, "free_related_book": { "isbn": "0727916041", "uri": "\/textbooks\/epidemiology-for-the-uninitiated-5th-edition-9780727916044", "name": "Epidemiology For The Uninitiated", "edition": "5th Edition" }, "question_posted": "2024-06-12 13:09:33", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/ariana-pope-is-making-28-trophies-and-each-requires-a", "description": "Ariana Pope is making 28 trophies and each requires a brass plate that is 3 inches long and 1 inch wide. 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