2. Complete the demand schedule below for the given equationQd 750 -10P at given prices P12.00, PI5.00, P18.00, P21.00,and P24.00.Price (x) In PhpQuantity Demanded ty)12.0015.0018.0021.0024.00Required:a. Complete the tableb. Plot the schedule on a graphc. Determine the aloped. Interpret the slopee. Answer the following questions:1. What is the maximum amount people would wantproduct?2. If the price rises to P30.00 from an original price oP24.00, what would be the change in the quantity demandedby consumers?3. IE the quantity demanded of the product changed by 60units, how much was the change in price?4. If the price is expected to increase by P25.00, whatwould be the expected impact to the quantity demanded ofthe product?eant for this

Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

2. Complete the demand schedule below for the given equation Qd 750 -10P at given prices P12.00, P15.00, P18.00, P21.0o, and P24.00. Price () In Php Quantity Demanded ty) 12.00 15.00 18.00 21.00 24.00 Required: a. Complete the table b. Plot the achedule on a graph c. Determine the alope

2. Complete the demand schedule below for the given equation Qd 750 -10P at given prices P12.00, P15.00, P18.00, P21.0o, and P24.00. Price () In Php Quantity Demanded ty) 12.00 15.00 18.00 21.00 24.00 Required: a. Complete the table b. Plot the achedule on a graph c. Determine the alope

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

2. Complete the demand schedule below for the given equation
Qd 750 -10P at given prices P12.00, PI5.00, P18.00, P21.00,
and P24.00.
Price (x) In Php
Quantity Demanded ty)
12.00
15.00
18.00
21.00
24.00
Required:
a. Complete the table
b. Plot the schedule on a graph
c. Determine the alope
d. Interpret the slope
e. Answer the following questions:
1. What is the maximum amount people would want
product?
2. If the price rises to P30.00 from an original price o
P24.00, what would be the change in the quantity demanded
by consumers?
3. IE the quantity demanded of the product changed by 60
units, how much was the change in price?
4. If the price is expected to increase by P25.00, what
would be the expected impact to the quantity demanded of
the product?
eant for this

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