If the demand curve is given by Q = a + bp, then a is
A)negative.
B)the quantity demanded when price is zero.
C)the slope of the demand curve.
D)measured in money.

Name: If the demand curve is given by Q = a + bp, then a is A)negative. B)the quantity demanded when price is zero. C)the slope of the demand curve. D)measured in money.
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Question

Quizplus · Accepted Answer

In the equation Q = a + bp, when p = 0, Q = a. Therefore, a is the quantity demanded when price is zero, also known as the intercept of the demand curve.

If the Demand Curve Is Given by Q = a