The value of the vertical intercept is $150 and the slope is ?25 in a linear equation for price and quantity demanded. If price is $5.00, what is the quantity demanded? State the linear equation and show how you found the answer

Please provide the best answer for the statement.


The linear equation is quantity demanded = $150 ? 25(price). Therefore: 25 = $100 ? 15 ($5.00).

Economics

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