1
Q
What is the formula for the supply curve
A
Qs = c + dP
C is supply qty
P is price
d is
2
Q
What is the formula for equilibrium price
A
Pe = (a-c)
——
(b+d)
3
Q
What is the formula for the equilibrium quantity
A
Fill in the formula for demand curve and supply curve with the equilibrium price
Qd = a-bP
Sd= c+dP
4
Q
What is the formula for the X intercept
A
a/b
5
Q
What is the formula for Y intercept
A
-c / d
6
Q
What is the equation for the demand curve
A
Qd = a-bP
a is the qty demanded
P is price
Econ247 study book questions
flashcards
Decks in class (22)
# Cards
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chapter 116
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Chapter 2 Practice Problems4
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Chapter 5 Elasticity true or false10
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Chapter 5 Multiple-Choice11
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Extra5
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Chapter 4 Formulas6
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Chaoter 4 True Or False15
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Chapter Five Elasticity Of Demand10
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Chapter 5 Review Formulas1
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Chapter 5 Mire Notes24
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Chapter 6 Notes28
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chapter 1: m/c20
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Chapter 1 critical thinking12
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chapter 1 critical thinking long answers13
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chapter 2: true of false15
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CHAPTER 2: MC20
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CHAPTER 2: SHORT ANSWER10
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Chapter 3 True and false graphs10
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chapter 3 true and false15
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chapter 3: mc0
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Chapter 2; questions for review9
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chapter 2: problems and applications0
