Plot the following Price and Quantity combinations: (4,8), (1,2), (5,10) Is your graph more likely to be a demand curve or a supply curve? why?
Plot the following Price and Quantity combinations: (4,8), (1,2), (5,10) Is your graph more likely to be a demand curve or a supply curve? why? Using the equation of a line, and P for price and Q for quantity, what is the algebraic formula of this curve? Plot the following Price and Quantity combinations. Note that the points are given in the format (Quantity, Price). […]