Answer Happy

Suppose that the relationship between price, P, and quantity, Q, is given by the equation Q = 60-2P. Which of the following equations correctly represents solving Q = 60-2P for P? O P = 30 - Q OP=30-20 P=60-20 ⒸP= 60+ Q ⒸP=60-Q Plot the relationship between P and Q on the following graph. Note: Price (P) is on the vertical axis and quantity (Q) is on the horizontal axis. PRICE 40 35 30 25 20 15 10 5 0 DE 5 10 15 20 QUANTITY 25 30 ?
Plot the relationship between P and Q on the following graph. Note: Price (P) is on the vertical axis and quantity (Q) is on the horizontal axis. PRICE 40 35 30 25 20 15 10 5 0 10 The slope of this line is 15 20 QUANTITY 25 30 40 Suppose that the P in this equation refers to the price of a magazine subscription, and the Q refers to the number of magazine subscriptions sold. Read the following statement carefully: "When the price of a magazine subscription goes up, fewer people subscribe to the magazine." Which of the following best summarizes the pattern of causality suggested by this statement? The relationship between P and Q is not a causal relationship. A change in Q causes a change in P. A change in P causes a change in Q.
PRICE 40 35 30 25 20 15 10 5 0 0 5 10 The slope of this line is Which of the following t -30 15 -0.50 -2 20 QUANTITY 2 25 Suppose that the P in t ion refers to the price of a magazine subscription, and the Q refer Read the following state -60 refully: "When the price of a magazine subscription goes up, fewer 8 35 40 marizes the pattern of causality suggested by this statement? The relationsh en P and Q is not a causal relationship. A change in d la change in P. A change in P causes a change in Q.