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

  Bearing on comparative costs under increasing cost condition

Why is that the pre-trade production points have a bearing on comparative costs under increasing cost conditions but not under conditions of constant costs?

  Policies are consistent with goal of increasing productivity

Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries?

  Explain the public policy lifecycle utilizing public policy

Explain the Public Policy Lifecycle utilizing a public policy Discuss how the importance of developing a viable Policy Adoption and what policy makers need to consider when adopting new or amending existing policies.

  Shift the demand curve for a good or service

Which of the following changes would not shift the demand curve for a good or service?

  Created using marketing and supply chain strategies

Please explain how the value is created using marketing and supply chain strategies by the dealer/retailer in this supply chain, Lowe's Companies.

  Should the government encourage long term planning

What do temporary changes in the tax code do for incentives? Does this encourage long term planning? Should the government encourage long term planning? Should the Government use tax policy to change behavior?

  What should be the construction level if fixed costs

Illustrate what should be the construction level if fixed costs rose to $48,000 per month?

  Compute the opportunity costs for producing a single twinkie

Compute the opportunity costs for producing a single Twinkie and a single cupcake for Jasper and for Jasmine. Does either have an absolute advantage in the production of Twinkies.

  An increase in number of fast-food restaurants

An increase in the number of fast-food restaurants

  Assume that the inflation free rate

Assume that you borrow $15,000 for five years (annual payments) at a market rate of 5%. Assuming that inflation is 3.5%, what would the equivalent equal annual payment be in constant dollars? What is the Actual dollar amount of a $15,000 constant dol..

  Example of adverse selection

Which of the following is an example of adverse selection?

  If firm experiences diseconomies of scope

If a firm experiences diseconomies of scope, then it:

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