Transcript

Suppose that the relationship between price, $P,$ and quantity, $Q,$ is given by the equation $Q=60-3P.$

Which of the following equations correctly represents solving $Q=60-3P$ for $P?$

$P=60-Q$

$P=20-3Q$

$P=20-\frac{1}{3}Q$

$P=60-3Q$

$P=60+Q$

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.