The Y- Axis Intercept of the Demand Curve Is 60

question 118

Multiple Choice

The y- axis intercept of the demand curve is 60 and the slope is - 8.The equation of the demand curve is

• A)P = 8 - 60Q_D.
• B)P = 60 - 8Q_D.
• C)Q_D = 60 - 8P.
• D)P = 60 + 8Q_D.
• E)Q_D = 60 + 8P.

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Definitions:

Government Agency

An organization established by the government to implement policy, carry out public services, or regulate activities within its jurisdiction.

Incentives

Factors, monetary or non-monetary, that motivate individuals or entities to behave in certain ways.

Social Choice

A theoretical framework for analysis of combining individual preferences, interests, or welfare to reach a collective decision or social welfare in a given society.

Aggregating

The process of combining multiple pieces of data or information into a single comprehensive whole.