Let (inverse) demand be Pb = 116 - 2 Qb and (inverse) supply be Pv = 24 + 2 Qv. Consider the shift in demand illustrated (the intercept of Pb moves by 6), what is the change in the quantity traded? Answer: your answer Price ($) $140 $120 $100 $80 $60 $40 $20 $0 0 10 Demand 20 Submit Supply 30 Eqm 40 D + shift 50 60 70
Let (inverse) demand be Pb = 116 - 2 Qb and (inverse) supply be Pv = 24 + 2 Qv. Consider the shift in demand illustrated (the intercept of Pb moves by 6), what is the change in the quantity traded? Answer: your answer Price ($) $140 $120 $100 $80 $60 $40 $20 $0 0 10 Demand 20 Submit Supply 30 Eqm 40 D + shift 50 60 70
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![8.
Let (inverse) demand be Pb
=
116 - 2 Qb and (inverse) supply be Pv = 24 + 2 Qv. Consider the
shift in demand illustrated (the intercept of Pb moves by 6 ), what is the change in the quantity
traded?
Answer: your answer
Price ($)
$140
$ 120
$100
$80
$60
$40
$20
$0
10
Demand
20
Submit
Supply
30
Quantity
Eqm
40
D + shift
50
60
70](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F48a2b7c8-96c4-479f-8434-50df341e2e12%2Fadccb95a-d109-43ba-b389-2d4a89f4464b%2Fnbagvkn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:8.
Let (inverse) demand be Pb
=
116 - 2 Qb and (inverse) supply be Pv = 24 + 2 Qv. Consider the
shift in demand illustrated (the intercept of Pb moves by 6 ), what is the change in the quantity
traded?
Answer: your answer
Price ($)
$140
$ 120
$100
$80
$60
$40
$20
$0
10
Demand
20
Submit
Supply
30
Quantity
Eqm
40
D + shift
50
60
70
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