2. A store can sell 40 widgets per week at $8 each and 25 widgets at $13 each. a. Find the demand function. b. What is the vertical ("y") intercept? What does it represent in terms of sales? c. d. What is the slope? What does it represent in terms of units pertaining to sales?
2. A store can sell 40 widgets per week at $8 each and 25 widgets at $13 each. a. Find the demand function. b. What is the vertical ("y") intercept? What does it represent in terms of sales? c. d. What is the slope? What does it represent in terms of units pertaining to sales?
Chapter1: Introducing The Economic Way Of Thinking
Section1.A: Applying Graphs To Economics
Problem 2SQP
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