Suppose that the demand for hamburgers in Chicago is given by: P = 100 - 2Q. The y-intercept of the demand curve is given by:

Question

Quizplus · Accepted Answer

The y-intercept of a demand curve represents the price at which no quantity is demanded (i.e. when Q = 0). To find the y-intercept, we substitute Q = 0 into the demand equation: P = 100 - 2(0) = 100. Therefore, the y-intercept of the demand curve is 100.

Suppose That the Demand for Hamburgers in Chicago Is Given