The y- axis intercept of the demand curve is 60 and the slope is - 8. The equation of the demand curve is

Question

Quizplus · Accepted Answer

The demand equation is generally expressed as: P = a - bQD, where a represents the y-intercept (or the price at which quantity demanded is zero) and b represents the slope of the demand curve (or the rate at which price changes with a change in quantity demanded). 
Therefore, in this case, the demand equation would be:
P = 60 - 8QD.

The Y- Axis Intercept of the Demand Curve Is 60