If P₁ = $5, Q₁ = 10,000, P₂ = $6

question 38

Multiple Choice

If P₁ = $5, Q₁ = 10,000, P₂ = $6 and Q₂ = 5,000, then a linear estimate of the demand curve is:

• A) P = $7 - $0.002Q
• B) P = $5 + $10,000Q
• C) Q = 7 - 0.002P
• D) Q = 35,000 - 5,000P

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