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Suppose we postulate a linear demand curve Q D = a - bP and observe, through supply shifts, two points on the demand curve.At point
Suppose we postulate a linear demand curve QD = a - bP and observe, through supply shifts, two points on the demand curve.At point A, PA = 2 and QDA = 6.At point B, PB = 4 and QDB = 2.What is the choke price for this demand curve?Please round and write the answer to one cent, for example $2.43 or $0.56.Use a minus sign to indicate if the number is negative.
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