In a linear demand equation, what economic information is conveyed by the intercept on the price axis?

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In a linear demand equation, what economic information is conveyed by the intercept on the price axis? Similarly, what economic information is conveyed by the intercept on the price axis in a linear supply equation?

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Question Posted: Nov 01, 2017 06:49 AM

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In a linear demand equation, what economic information is conveyed by the intercept on the price axis?

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Economics

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