For the demand equation below, x represents the quantity demanded in units of 1000, and p is the unit price in dollars. 3x + 4p − 48 = 0; p = 6(a) Sketch the demand curve.
In this question, x represents the quantity demanded in units of 1000, and p represents unit price in dollars.
The equation of the demand curve is 3x + 4p - 48 = 0. We rewrite this equation in the slope-intercept form as follows: 4p = -3x + 48. This...
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