Tuesday, July 20, 2010

Linear demand function question?

For the linear equation given by y=-0.25x 4



1..Find the resulting change in the value of y if x decreases by 2 units.



2.Transpose the equation to express x in terms of y and write down the value of

the x-intercept.



b. The general form of a linear demand function is given by



Q_d=a bp (a

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