The demand for a good priced at $50 is 420 units, and when the price is $80,

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The demand for a good priced at $50 is 420 units, and when the price is $80, demand is 240 units. Assuming that the demand function takes the form Q = aP + b, find the values of a and b.

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Mathematics for Economics and Business

ISBN: 978-1292191669

9th edition

Authors: Ian Jacques

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Question Posted: Apr 18, 2019 08:43 AM

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The demand for a good priced at $50 is 420 units, and when the price is $80,

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50ab420 80ab240 Subtra...View the full answer

Mathematics for Economics and Business

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