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Elis [28]
3 years ago
8

Find the slope of an assumed linear demand curve for garri, when Mr. Anthony purchase 1000 quantities at N200 per plastic and 50

0 quantities at N350 per plastic?
Business
1 answer:
Gekata [30.6K]3 years ago
8 0
The linear demand curve is of the form
Q = a - bP
where
Q = quantity
P = price
b = the slope, the rate of change of price with respect to demand
a= the intercept (when the price is zero).

When Q = 1000, P = N200, therefore
a - 200b = 1000           (1)
When Q = 500, P = N350. Therefore
a - 350b = 500            (2)

Subtract (2) from (1).
150b = 500
b = 3.333

The slope is usually negative but it is expressed as ΔP/ΔQ, that is
(Absolute change in price) / (absolute change in quantity).

Answer: 3.33

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2 years ago
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Agata [3.3K]

Answer:  Service Charge

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4 0
3 years ago
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evablogger [386]

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3 0
3 years ago
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natali 33 [55]

Answer:

D. appendices

Explanation:

The term appendices refers to the supplemental information provided in a proposal. It often includes examples of past projects, client testimonials, and technical specifications. Appendices basically provide the readers with the additional information which help them in better understanding the proposal in a greater detail. It is combination of additional and supplementary materials which includes the results of the past projects, testimonials, supportive data  and other technical specification of the project, which can't be included in the main body of the proposal.

5 0
3 years ago
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Afina-wow [57]

Answer:

True

Explanation:

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3 years ago
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