Add header Question 3 The following table represents the real prices of TXR skateboards and the quantity demanded over five years: Year Price (real dollars) Quantity Demanded 2014 120 200 2015 115 220 2016 130 210 2017 15 205 2018 125 190 x (price) y (Quantity Demanded) 200 y squared x times y x squared 2014 120 40,000 24,000 14,400 2015 115 220 48,400 25,300 13,225 16,900 2016 130 210 44,100 27,300 2017 115 205 42,025 23,575 13,225 2018 125 190 36, 100 23,750 15,625 TOTAL 605 1,025 210,625 123,925 73,375 Calculate the expected quantity demanded at the price of $121
Add header Question 3 The following table represents the real prices of TXR skateboards and the quantity demanded over five years: Year Price (real dollars) Quantity Demanded 2014 120 200 2015 115 220 2016 130 210 2017 15 205 2018 125 190 x (price) y (Quantity Demanded) 200 y squared x times y x squared 2014 120 40,000 24,000 14,400 2015 115 220 48,400 25,300 13,225 16,900 2016 130 210 44,100 27,300 2017 115 205 42,025 23,575 13,225 2018 125 190 36, 100 23,750 15,625 TOTAL 605 1,025 210,625 123,925 73,375 Calculate the expected quantity demanded at the price of $121
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question 3
The following table represents the real prices of TXR skateboards and the quantity demanded over five years:
Year
Price (real dollars)
Quantity Denmanded
2014
120
200
2015
15
220
2016
130
210
2017
115
205
2018
125
190
x (price)
y (Quantity Demanded)
120
y squared
x times y
x squared
14,400
2014
200
40,000
48,400
24,000
2015
115
220
25,300
13,225
2016
130
210
44,100
27,300
16,900
2017
115
205
42,025
23,575
23,750
13,225
2018
125
190
36,100
15,625
TOTAL
605
1,025
210,625
123,925
73,375
Calculate the expected quantity demanded at the price of $121](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc21174ae-96b4-4bb9-aff9-e62990a7a170%2Fb1a9857e-189f-4095-a3c7-48ac8d128427%2Fciyt6in_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A
= = = E E
$ - % )
%24
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.00
.00
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Merge & Centre
x v f 200
A
Add header
Question 3
The following table represents the real prices of TXR skateboards and the quantity demanded over five years:
Year
Price (real dollars)
Quantity Denmanded
2014
120
200
2015
15
220
2016
130
210
2017
115
205
2018
125
190
x (price)
y (Quantity Demanded)
120
y squared
x times y
x squared
14,400
2014
200
40,000
48,400
24,000
2015
115
220
25,300
13,225
2016
130
210
44,100
27,300
16,900
2017
115
205
42,025
23,575
23,750
13,225
2018
125
190
36,100
15,625
TOTAL
605
1,025
210,625
123,925
73,375
Calculate the expected quantity demanded at the price of $121
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