50 70 80 100 110 120 130 = -2x +450 = 100 + 5x 450 350 330 310 290 270 250 230 210 190 100 350 400 450 500 550 600 650 700 750 = 30 + 5x 30 280 330 380 430 480 530 580 630 680 y = -2x +450 1. Simultaneous equations y= 100 + 5x 840 800 y = 30 + 5x 760 720 680 640 600 560 520 480 440 y 400

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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1- Use the framework of demand and supply curves as described in picture to analyze the effects of subsidy on producers and consumers. - Who benefits more from subsidy and analyze different situations with respect to different elasticities.
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y = -2x +450
y = 100 + 5x
y = 30 + 5x
450
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y = -2x +450
1. Simultaneous equations
y = 100 + 5x
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y 30 + 5x
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y
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04 8121620242832364044485256606468727680848892960004081216202428323640448
Transcribed Image Text:50 60 70 80 90 100 110 120 130 140 y = -2x +450 y = 100 + 5x y = 30 + 5x 450 350 330 310 290 270 250 230 210 190 170 100 350 400 450 500 550 600 650 700 750 800 30 280 330 380 430 480 530 580 630 680 730 y = -2x +450 1. Simultaneous equations y = 100 + 5x 840 800 y 30 + 5x 760 720 680 640 600 560 520 480 440 y 400 360 320 280 240 200 160 120 80 40 04 8121620242832364044485256606468727680848892960004081216202428323640448
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