Suppose that the demand for a product is given by Q = 25 - 0.25P. When graphing the inverse demand, the vertical intercept is ____ and the horizontal intercept is ____.

Name: Suppose that the demand for a product is given by Q = 25 - 0.25P. When graphing the inverse demand, the vertical intercept is ____ and the horizontal intercept is ____.
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Question

Quizplus · Accepted Answer

The inverse demand function is P = 100 - 4Q. The vertical intercept is where Q = 0, so P = 100. The horizontal intercept is where P = 0, so Q = 25.

Suppose That the Demand for a Product Is Given by Q