Suppose you can write generic supply and demand curves such that $\mathrm { Q } _ { \mathrm { S } } = \mathrm { A } + \mathrm { BP }$ and $Q _ { D } = D + C P$ .If consumers demand less as price rises,C must be.
A)positive
B)negative
C)0

Question

Quizplus · Accepted Answer

The slope of the demand curve is negative (consumers demand less as price rises), which means that C, the coefficient of P in the demand equation, must be negative.

Suppose You Can Write Generic Supply and Demand Curves Such QS=A+BP\mathrm { Q } _ { \mathrm { S } } = \mathrm { A } + \mathrm { BP }QS​=A+BP

Suppose You Can Write Generic Supply and Demand Curves Such $\mathrm { Q } _ { \mathrm { S } } = \mathrm { A } + \mathrm { BP }$