Given the equation P=$6.00 - $.40Q,where P is the price of the good and Q is...
Homework Answers
The demand equation is as follows:
P=$6.00 - $.40Q
Let us put the value of P:
$3.60 =$6.00 - $.40Q
$.40Q =$6.00 - $3.60
$.40Q =$2.40
Q = $2.40/0.40 = 6
So, consumer demand is 6 units.
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