Floyd Salazar
03/24/2023 · Elementary School

Answer the following questions for the price-demand equation. \[ p+0.001 x=40 \]

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1. The slope of the demand curve is -0.001. 2. The y-intercept is 40. 3. The x-intercept is 40000. 4. The equation shows an inverse relationship between price and quantity demanded. 5. The maximum price consumers are willing to pay is 40. 6. If the quantity demanded increases by 1000 units, the price decreases to 39.

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