Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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please solve question 6

Transcribed Image Text:□
If you have demand function
@d_
when.
20-2P₁ +3P₂ +4Ps + 2y
P₁: price of good (1), and 12 and for the price of other goods
and y incom
A- Find reduce form when P₂ = 1 and P₂ = 3 Y = 100
B- Find The slope demand function
2- If you have supply function
L
Затир, бори
A- Find reduce supply function when Pn = 30
B. Find the slope of supply
function
from
and find Equilibrium
14. If the price of P23 increase from 3 tolo from eq (1)
find the New Equilibrium
- find The Cross price elasticity of demand en
interpretate the result
on pa Equilibrium, and
7 from Dand 2 Calculate Consumer and producer
Surplus
18- If U =
1 = C² C²y find demand function on Crando,
and when Px = 2 and Py = 3 and I = 2
and I = 200 find
the Equilibrium.
@_when from @ find the
Expenditure.
quantities
that minimize
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