Jeffrey Bafilo's Demand Function for Economics Textbooks Is Q =

question 25

Multiple Choice

Jeffrey Bafilo's demand function for economics textbooks is Q = 1,001 - 10p. At a market price of $100 per book, what is Jeffrey's consumer surplus?

• A) $100
• B) $0.10
• C) $0.05

---

Definitions:

Y-Intercept

The point at which a line crosses the y-axis on a graph.

X-Intercept

The point at which a line or curve on a graph crosses the x-axis, indicating a value of x where the function equals zero.

Slope

The slope refers to the steepness or incline of a line on a graph, representing the rate of change between variables.

Linear Regression Equation

A mathematical equation that describes the linear relationship between two or more variables, typically one dependent and one or more independent variables.