Give the equation for linear demand curve.
Dear student,
Equation of the linear demand curve:
Qd=a-b(P)
Q=quantity demanded
a=All factors affecting demand other than price of the good
b=slope of demand curve
P=Price of the good
Regards.
Equation of the linear demand curve:
Qd=a-b(P)
Q=quantity demanded
a=All factors affecting demand other than price of the good
b=slope of demand curve
P=Price of the good
Regards.