Suppose that the relationship in between price, P, and quantity, Q, is given by the equation Q = 60 - 4P.
Which of the following equations appropriately represents addressing Q = 60 - 4P because that P?
Plot the relationship in between Pand Q ~ above the following graph.
Note: Price (P) is top top the vertical axis and quantity (Q) s ~ above the horizontal axis.
The slope of this heat is _______ .
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Suppose the the pen this equation refers to the price the a newspaper subscription, and also the Qrefers come the number of magazine subscriptions sold. Read the complying with statement carefully: "When the price of a newspaper subsorption goes up, fewer people subsoribe to the magazine."
Which the the following ideal summarizes the pattern of causality said by this statement?
A change in Q reasons a fee in P.
The relationship between P and Q is no a causal relationship.
A change in P causes a adjust in Q
business business economics
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P- 15-40 in torret oph'on Becaus e Q = 60- yf S 4P = 60 -Q 60-Q P= 15 negabive Price cot-sia) need cusve ( under asand slofing) eupling) (60.0) Guanhiy - 25 II the steep of ho heat s # opken S A change in p Caunes a readjust in Q in LAvret ophon Hal louser prce owanded says will command h inucese in he f Quouhly Demauols since of regulations of
Q = 60 - 4P
4P = 60 - Q
P = 60/4 - Q/4
P = 15 - Q/4
Thus 4th option is ideal P = 15 - 1/4 Q
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