Answer to Question #255967 in Microeconomics for NYWOGZ

Question #255967

1) Suppose that the market demand for Blue band is a straight line of the form Q = 300-50p where Q is the quantity bought in thousands of boxes per week and P is the price per box in.

Expert's answer

"When, P = 0"

"Q= 300-50(0)"

"Q= 300-0= 300"

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