A few days ago
Chris

Demand function problem! Please help?

In this equation: Qd = 200 – 5P, how do you get the coefficient 5?

Top 1 Answers
A few days ago
Anonymous

Favorite Answer

5 (or -5) refers to the change in Qd as the price, P changes. As the price increases $1, Quantity demanded decreases by 5 units.
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