If the demand curve is given by Q = a + bp, then a is
A) negative.
B) the quantity demanded when price is zero.
C) the slope of the demand curve.
D) measured in money.
B
Economics
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A natural monopoly that is regulated to set its price equal to its marginal cost
A) incurs an economic loss. B) makes zero economic profit. C) makes an economic profit. D) creates the maximum deadweight loss.
Economics
According to supply-siders, an switch from consumption to savings by households will
a. lead to a permanent increase in output-per-worker. b. lead to a temporary increase in output-per-worker. c. lead to a decline in output-per-worker. d. not change output-per-worker.
Economics