4. Calculate demand functions with different intercept and draw on graph.Qd = 1,400 – 10PQdz = 1,700 – 10PQd= 1,100 – 10P160140PriceDemandz = Demand; = 1201,400 – 10P 1,700 – 10P | 1,100 – 10P100Demand =2080406060801004012014020160400500600700S00900100011001200

Step 1- The D- curve represents the number of goods consumers are willing to purchase at different…

4. Calculate demand functions with different intercept and draw on graph. Qd = 1,400 – 10P Qdz = 1,700 – 10P Qdj= 1,100 – 10P 160 140 Price Demand = Demand; = Demand; = 120 1,400 – 10P | 1,700 – 10P | 1,100 – 10P 100 20 80 50 60 100 20 140 40 20 lelelel

4. Calculate demand functions with different intercept and draw on graph. Qd = 1,400 – 10P Qdz = 1,700 – 10P Qdj= 1,100 – 10P 160 140 Price Demand = Demand; = Demand; = 120 1,400 – 10P | 1,700 – 10P | 1,100 – 10P 100 20 80 50 60 100 20 140 40 20 lelelel

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

4. Calculate demand functions with different intercept and draw on graph.
Qd = 1,400 – 10P
Qdz = 1,700 – 10P
Qd= 1,100 – 10P
160
140
Price
Demandz = Demand; = 120
1,400 – 10P 1,700 – 10P | 1,100 – 10P
100
Demand =
20
80
40
60
60
80
100
40
120
140
20
160
400
500
600
700
S00
900
1000
1100
1200

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