Answer to Question #86306 in Economics for Yemi Adepoju

Question #86306

.The following equation; Q = r - kP, depicts -------
a.supply function
b.demand function
c.demand curve
d.supply schedule
Please help me answer this question.

Expert's answer

The following equation; Q = r - kP, depicts demand function.

So, the correct answer is b.demand function.

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