Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 2- state and give a verbal description of the inte

2- State and give a verbal description of the intercepts of the following demand function....

90.2K

Verified Solution

Question

Accounting

image
2- State and give a verbal description of the intercepts of the following demand function. P = 9 - 30.* Vertical Intercept = 3. This means that P = 3 when Q = 0. And this is where the O demand function crosses the Y-axis. Horizontal Intercept = 9. This means that Q = 9 when P = 0. And this is where the demand function crosses the X-axis. = = Vertical Intercept = 9. This means that P = 9 when Q = 0. And this is where the demand function crosses the Y-axis. Horizontal Intercept = 3. This means that Q = 3 when P = 0. And this is where the demand function crosses the X-axis. Vertical Intercept = 9. This means that P = 9 when Q = 0. And this is where the demand function crosses the X-axis. Horizontal Intercept = 3. This means that 0 = 3 when P 0. And this is where the demand function crosses the Y-axis. = Vertical Intercept = 3. This means that P = 3 when Q = 0. And this is where the demand function crosses the X-axis. Horizontal intercept = 9. This means that Q = 9 when P = 0. And this is where the demand function crosses the Y-axis. None of the above

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students