What is the slope of supply

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Reference no: EM13818331

The demand for coffee is given by the following equation, where QD stands for the quantity demanded and P stands for price.

QD=100-4P

The supply of coffee is given by the following equation, where QS stands for the quantity supplied and P stands for price.

QS=10+2P

a. What is the slope of demand?

Slope =

b. At what price is quantity demanded equal to zero (this is, graphically, the vertical intercept of Demand)?

P =

c. What is the slope of supply?

Slope =

d. At what price is quantity supplied equal to zero (this is, graphically, the vertical intercept of Supply)?

Reference no: EM13818331

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