How to calculate the slope then the intercept

Reference no: EM1338163

Supply and Demand function from a Supply and Demand Schedule

Here i demonstrate how to generate a supply and demand function from a data table that includes the supply and demand data for two different price levels. First I show how to compute the slope then the intercept. With slope and intercept information supply and demand can be written in the familar

P = a + bQ and...
P = a - bQ
forms respectively.

Reference no: EM1338163

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