Question

In the equation , Dx = a – bPx,

Answer 1

Explanation:

In the equation, Dx = a - bPx, (a) a is the quantity of X demanded when price is zero. (b) b is the quantity of X demanded when price is zero. (C) a is the slope of the demand curve. (d) bis the elasticity of demand

here is your answers

Answer 2

Explanation:

Dx = a - bPx is the given demand function.

a) When the price of X is zero, an is the amount required.

b) When the price is zero, b is the amount of X requested.

c) The demand curve's slope is b.

The demand function depicts the relationship between the amount requested for a commodity (dependent variable) and the price of the item (independent variable).