2. Table shows a relationship between price and quantity demanded and quantity supplied for goods ITT Quantity Demanded (units) 10 8. Price (RM) Quantity Supplied (units) 1 4. 4. 16 20 Based on the table above, Berdasarkan jadual di atas. a) Derive the demand equation/ function (Qd) for those goods. Terbitkan persamaan / fungsi permintaan barang tersebut. b) Derive the supply equation/ function (Qs) for those goods. Terbitkan persamaan / fungsi penawaran barang tersebut. c) Calculate the market equilibrium for those goods using a mathematical approach. [CLO2: C3] Kira keseimbangan pasaran barang tersebut menggunakan kaedah matematik. d) Draw the demand and supply curves for those goods in one graph and show the market equilibrium, equilibrium price and equilibrium quantity for those goods. (CLO2: C3] Lukis keluk permintaan dan penawaran bagi barang tersebut dalam satu graf dan tunjukkan keseimbangan pasaran, harga dan kuantiti keseimbangan barang tersebut e) What would happen if the government fixed the price of those goods at RM3 and by how much? Apakah yang akan berlaku jika kerajaan meletakkan harga barang pada RM3 dan berapa banyak?

2. Table shows a relationship between price and quantity demanded and quantity supplied for goods ITT Quantity Demanded (units) 10 8. Price (RM) Quantity Supplied (units) 1 4. 4. 16 20 Based on the table above, Berdasarkan jadual di atas. a) Derive the demand equation/ function (Qd) for those goods. Terbitkan persamaan / fungsi permintaan barang tersebut. b) Derive the supply equation/ function (Qs) for those goods. Terbitkan persamaan / fungsi penawaran barang tersebut. c) Calculate the market equilibrium for those goods using a mathematical approach. [CLO2: C3] Kira keseimbangan pasaran barang tersebut menggunakan kaedah matematik. d) Draw the demand and supply curves for those goods in one graph and show the market equilibrium, equilibrium price and equilibrium quantity for those goods. (CLO2: C3] Lukis keluk permintaan dan penawaran bagi barang tersebut dalam satu graf dan tunjukkan keseimbangan pasaran, harga dan kuantiti keseimbangan barang tersebut e) What would happen if the government fixed the price of those goods at RM3 and by how much? Apakah yang akan berlaku jika kerajaan meletakkan harga barang pada RM3 dan berapa banyak?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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