Suppose that the demand curve for a product is given by, Ask an Expert

Economics

Suppose that the demand curve for a product is given by P=36-Q where P is in thousands of dollars per auto and quantity is in millions of cars per year.

a. Please make a graph of the demand curve.

b. How much do buyers wish to purchase if price is 20?

c. What other things are held constant when one moves along a demand curve?

d. What is price elasticity of demand at price 20?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91273890

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