Linear Price-Quantity Functions
{"Image DocumentName": "Linear Price-Quantity Functions", "Image ImageDescription": "This presentation will focus on linear demand functions where the relationship between price and quantity is linear. Definition. Linear demand functions are those in which the relationship between quantity and price is linear. This means that any identical change in price (no matter what the starting price) produces an identical change in units demanded. The per unit change in Q caused by a change in P is called the slope. With linear demand curves , the slope is constant (the same for all prices). The demand curve is actually a demand line .", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}