The Y- Axis Intercept of the Demand Curve Is 60

question 26

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

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Definitions:

General Purpose

The broad intent of a message—to inform, to persuade, or to collaborate with the audience.

Proposal

A formal suggestion or plan, often in business, for consideration or action.

Persuade

The act of convincing someone to do or believe something through reasoning or argument.

Close

To conclude or bring to an end; in financial contexts, it refers to the end of a trading session.