1. Given the demand function: Qd = 50- 4P, a Construct a demand schedule for the following prices: 1, 2, 3, 4, 5. b. Draw the corresponding demand curve and label it as D1.
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- Qd = 50 – 4P, this is the demand function a. Make a demand schedule for the following prices: 1, 2, 3, 4, 5. b. Draw the corresponding demand curve and label it as D, Suppose the demand function in number 1 becomes Qd = 40-4P. a. Add the new demand schedule to the schedule constructed in question number 1. b. Draw the new demand curve in the same graph that has been drawn in number 2b and label it as D2The demand function for a certain product is given by 1000 P- 500 + 9+1. where p is the price and q is the number of units demanded. Using the average value function given in the text to find the average price as demand ranges from 46 to 96 units, what are the values of a and b? 46 %3B b-96 Calculate 1/50 Find the average price as demand ranges from 46 to 96 units. (Round your answer to the nearest cent.) $618.13 Need Help? Reatsuppose the demand and supply functions for an item are givem by QX = 50-2P and QX= 10+3P a, represent the above function graphically b, find the equilibrium price and quantity
- the demand function of a consumer is given as Qd=100-2p. if the demand changes to 100-4p, find the effect of this change on quantity demand at price 10 birrSuppose the demand for a good was given by the function: QD = 350 - 0.4PCalculate the choke price of this demand function.(Do not include a $ sign in your response.)1.5 Your firm, Content Friend, is similar to Happy Labourer, a Ghanaian firm that designs and manufactures artifacts and souvenirs. Your research analyst has estimated the demand function for your kente souvenirs is Qd = 33 - 4P If you set the price of a plush kente souvenir at $5, how many will consumers buy? If you increase the price of a plush kente souvenir by $1, how will this change the quantity that your customers buy?
- use the demand function below to answer the questions that follows Qdx = 3/4 - 1/3Px - 5Py + 2Pz - 2/10M d. interpret pxSuppose a certain home improvement outlet knows that the monthly demand for framing studs is 2,700 when the price is $5.46 each but that the demand is 3,300 when the price is $5.34 each. Assuming that the demand function is linear, write its equation. Use p for price (in dollars) and q for quantity.Given the following data in the demand schedule, derived the demand function: Price Quantity Demanded 0 150 5 135 8 126 12 114
- Can it be possible that for a particular product the demand curve is perfectly inelastic, regardless of price? Explain your answer in detail.use the demand function below to answer the questions that follows Qdx = 3/4 - 1/3Px - 5Py + 2Pz - 2/10M given that Py = 2; Pz = 10 and M is 5: e. find the demand function f. plot the demand function g. using the information in (e), calculate the quantity if Px = 3Suppose the demand function for product X is estimated by the equation: QDX= -2PX + 0,5PY - 0,2PZ + 1,2I. In there:QDX is the quantity demanded of product XPX is the price of product XPY is the price of product YPZ is the price of product ZI is the average income of consumersa/ Please make an argument to determine the relationship between two products X and Y, X and Z.b/ Please make an argument to determine whether product X is an ordinary good or a low-end good
