Both options will give you a linear equation. When Q is isolated we would call that the "standard equation," and when P is isolated we would call it the "inverse equation." They're interchangeable though, so you can use either one based on what information you're given!
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this actually help me with economics subject thank you so much!
Glad to hear that!
Thank you so much 😊
You're very welcome!
Thanks i really understand.
I'm glad to hear it!
How do we arrange the data in such a way that it is linear ? do we do it based on the quantity or the price ?
Both options will give you a linear equation. When Q is isolated we would call that the "standard equation," and when P is isolated we would call it the "inverse equation." They're interchangeable though, so you can use either one based on what information you're given!
😊😊😊 thanks
You're welcome!
Thanks , this helped me a lot🕺🏾yay!
I'm glad to hear that! You're welcome :)
Thinks😊
You're welcome!
What subject is this? Is this price and quantity demanded?
This is economics, and each individual point is price and quantity demanded, but the entire linear relation is known simply as the Demand Curve
@@ThinkEcon sir in the price the number is low to top right ? And quantity demanded is low to right again?
@JohnMichaelPagcaliwangan-oc8vs Yes, that is correct!