Does the positive slope make sense

Reference no: EM13206996

The results: 1.20 2.00 p q = D(p) 102 38 q = S(p) 42 98 Now we make an assumption -- both demand and supply are linear. With that assumption we have Demand. The slope is D(p) 38 - 102 md = = = -80 p 2 - 1.2 But also D(2) = 38, so D(p) = -80(p - 2) + 38 = -80p + 198. Hmm. Does the negative slope make sense? Why? Supply. The slope is ms = Also, S(2) = 98, so S(p) = 70(p - 2) + 98 = 70p - 42. Okay. Does the positive slope make sense? Why?

Reference no: EM13206996

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