Question: Refer to John's demand curve drawn here: (1) Write the equation for John's demand curve with P as the dependent variable: P = __________ (2)

Refer to John's demand curve drawn here:

(1) Write the equation for John's demand curve with P as the dependent variable: P = __________
(2) Write the equation for John's demand curve with Q as the dependent variable: Q = _____________
(3) When the price equals $ 5.00 John will demand quantity and_____________
(4) John will demand a quantity of 4 when the Price = $________________
What is the elasticity of demand for John
(5) when price = $8.00?_____________

$ 10 ao

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