2. Table shows a relationship between price and quantity demanded and quantity supplied for goods Quantity Supplied (units) Price (RM) Quantity Demanded (units) 10 1 8. 12 16 20 4. 4. 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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Answer question 2)a, 2)b,2)c only

2. Table shows a relationship between price and quantity demanded and quantity
supplied for goods
Quantity Demanded
(units)
10
Price (RM)
Quantity Supplied
(units)
1
4.
8.
12
16
20
3.
4.
4.
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?
Transcribed Image Text:2. Table shows a relationship between price and quantity demanded and quantity supplied for goods Quantity Demanded (units) 10 Price (RM) Quantity Supplied (units) 1 4. 8. 12 16 20 3. 4. 4. 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?
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