What is the slope of the demand curve

Assignment Help Business Economics
Reference no: EM13996200

Demand for a new drug that controls ulcers is given by equation Q = 150 - 3P (Q is bottles of medicine and P is the price per bottle in dollars). Using inverse demand (because P is graphed on the vertical axis), what is the slope of the demand curve?

Reference no: EM13996200

Questions Cloud

Contrast the ideas of nominal gdp and real gdp : Contrast the ideas of nominal GDP and real GDP. Why is one more reliable than the other for comparing changes in the standard of living over a series of years? Apply the concept of a price index to comparing the rise and fall of gas prices over a sev..
Can you explain the wittig reaction for organic chemistry : Can you explain the wittig reaction for Organic Chemistry?
Famous for its offerings of cheap clothing and exotic foods : The Albert Cuyp market here, famous for its offerings of cheap clothing and exotic foods, is one of the busiest in the Netherlands. But while it still attracts plenty of shoppers, customers are increasingly wary of spending their money there, said Ni..
What are some carbocylic reactants : What are some carbocylic reactants and what do they react with?
What is the slope of the demand curve : Demand for a new drug that controls ulcers is given by equation Q = 150 - 3P (Q is bottles of medicine and P is the price per bottle in dollars). Using inverse demand (because P is graphed on the vertical axis), what is the slope of the demand curve?
Draw the lewis dot structure for te : On scrap paper, draw the lewis dot structure for Te. How many total paired electrons, unpaired electrons and empty orbitals does this element contain, in this order?
Crushing the palestinian enclaves economy : An aggressive crackdown by Egypt's interim government on smuggling tunnels between Egypt and the Gaza Strip is crushing the Palestinian enclave's economy, sparking concerns it could fuel a militant backlash. To get around the blockade, Gazans smuggle..
Income statement relative to these investments : Show the amounts that would be reported in the company's 2011 income statement relative to these investments.
A particular radioactive isotope of iodine contains : A particular radioactive isotope of iodine contains 78 neutrons and is utilized for the detection of protein-losing enteropathy and therapeutically in thyroid cancer. In the full atomic symbol for this radioactive iodine what numbers would be written..

Reviews

Write a Review

Business Economics Questions & Answers

  Market failure might exist simultaneously

We never entertained the possibility that more than one market failure might exist simultaneously.

  What is the real wage rate paid by this firm

Does this firm’s production function exhibit diminishing returns to labor employment? Are labor and capital complements for this firm? Explain. What is the real wage rate paid by this firm? If total factor productivity (A) is 20, how much labor (L) w..

  Affect your preference between higher wages-more benefits

Suppose you were given a choice to select from a menu of items in your employee benefits package. The menu might include medical coverage ($1500 deductable), life insurace equal to a year's salary, vacation time based on length of employment with the..

  Cost of medical care increases

If the cost of medical care increases by 40 percent, then, other things the same, the CPI is likely to increase by about

  Compute the consumer price index

Consider a small economy in which consumers buy only two goods pies and tarts. In order to compute the consumer price index for this economy for two or more consecutive years.

  How do markets operate to bring this product into existence

Examine the effects of supply and demand of milk. How do markets operate to bring this product into existence? Think about how these different markets work together to create a new product. How does that relationship affect supply and demand for the ..

  Calculate value of statistical life

Suppose individuals are willing to pay $500 for an airbag that reduces the probability of being killed in a car accident by 0.0001. Calculate the value of a statistical life using the willingness to pay approach. Suppose Joe plans to work for another..

  How are regression results evaluated

Summarize the components that support the Cobb-Douglas function, as well as its shortcomings. How are regression results evaluated? Is any single way better than another? Explain your answer.

  Interest rate target or money supply growth target

Why do economists disagree about whether an interest rate target or money supply growth target is the best intermediate policy target for the Fed, and why not target both?

  Federal government should subsidize local projects

Why do so many members of Congress believe that the federal government should subsidize local projects, such as improvements in bus or subway systems in major cities?

  What is the total surplus when there is a price floor

The surplus cheese USDA buys is the difference between the quantity of cheese producers sell (212.5 billions of pounds of cheese) and the quantity of cheese consumers are willing to buy at the price floor. Taxes must be collected to pay for the purch..

  International parcel service has installed a new radio

The international parcel service has installed a new radio frequency identification system to help reduce the number of packages that are incorrectly delivered.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd