Question

Q2. The following tables how the quantity supplied and quantity demanded of a commodity at certain unit prices.

Unit price	Quantity demanded	Quantity supplied
$1.50	1150	340
$2.75	712.5	652.5
$3.25	537.5	777.5

5a. From the information given in the table above ,describe in your own words, how would you go about showing that the quantity demanded and supplied are linear functions of price ,without having to plot a graph.

b.By demonstrating what you have describe above, show that the quantity demanded and supplied are linear functions of price and that price is equal to $2.85 when quantity demanded is equal to quantity supplied.

Answer 1

Any query in this then comment below..

For proving linear function , we just find the slope between points and if slope same then the function is linear..