and cases The following table presents the demand and supply of Orange in the market. By using these data, answer the following questions. Demanded Supplied Price (Rs) week (Numbers) (Numbers) 2.00 100 30 2.20 90 40 2.40 3. 80 2.60 70 60 2.80 60 70 3.00 6. 50 Draw the demand and supply curves for the above market. If price of the commodity increases from 3 to 5 and clasticity is 2 each for demand and supply, calculate quantity demanded and supply of the commodity? Elaborate the- term of clasticity with diagram. Calculate the Price Elasticity of Demand (PED) and supply (PES) for the data and draw diagrams for respective PED and PES in the market. 8838S

and cases The following table presents the demand and supply of Orange in the market. By using these data, answer the following questions. Demanded Supplied Price (Rs) week (Numbers) (Numbers) 2.00 100 30 2.20 90 40 2.40 3. 80 2.60 70 60 2.80 60 70 3.00 6. 50 Draw the demand and supply curves for the above market. If price of the commodity increases from 3 to 5 and clasticity is 2 each for demand and supply, calculate quantity demanded and supply of the commodity? Elaborate the- term of clasticity with diagram. Calculate the Price Elasticity of Demand (PED) and supply (PES) for the data and draw diagrams for respective PED and PES in the market. 8838S

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please do it correctly and dont copy from others do on your own