Temple University Department of Economics

Principles of Microeconomics Econ 52 Section 701

Introduction

Directions: Enter your name. You must answer every question. When you are done just press the submit button at the bottom.

Name

X

Y

10

15

20

45

From the numbers find the slope of the line: the intercept of the line:

=

+

9. Two equations describe the relationship between P and Q. They are

P = 30 - 5 Q and P = 4 + 5 Q .

Solve the pair of equations for P and Q.

P = Q =