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Table 1: Demand schedule for blueberries Table 2: Demand schedule for blueberries that (dollars per 100 pounds) prevent cancer (dollars per 100 pounds) PRICE $ QUANTITY 12 42 14 36 Quantity 18 Price $12 $14 $16 $18 $20 $22 $24 $26 $28 17 16 16 31 18 20 20 19 22 18 24 17 26 16 28 15 15 14 13 12 11 10 2. Using Table 2. a. calculate the demand curve if P1= $28 and P2= $14 QD=a+bP b. Show the mathematical check for your derived demand equation using two different price points from the demand schedule.

Table 1: Demand schedule for blueberries Table 2: Demand schedule for blueberries that (dollars per 100 pounds) prevent cancer (dollars per 100 pounds) PRICE $ QUANTITY 12 42 14 36 Quantity 18 Price $12 $14 $16 $18 $20 $22 $24 $26 $28 17 16 16 31 18 20 20 19 22 18 24 17 26 16 28 15 15 14 13 12 11 10 2. Using Table 2. a. calculate the demand curve if P1= $28 and P2= $14 QD=a+bP b. Show the mathematical check for your derived demand equation using two different price points from the demand schedule.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Table 1: Demand schedule for blueberries Table 2: Demand schedule for blueberries that (dollars per 100 pounds) prevent cancer (dollars per 100 pounds) PRICE $ QUANTITY 12 42 14 36 16 31 18 20 20 19 22 18 24 17 26 16 28 15 Quantity 18 Price $12 | $14 $16 $18 $20 $22 $24 $26 $28 17 16 15 14 12 11 10 2. Using Table 2. a. calculate the demand curve if P1= $28 and P2= $14 Qp=a+bP b. Show the mathematical check for your derived demand equation using two different price points from the demand schedule. t321o
Transcribed Image Text:Table 1: Demand schedule for blueberries Table 2: Demand schedule for blueberries that (dollars per 100 pounds) prevent cancer (dollars per 100 pounds) PRICE $ QUANTITY 12 42 14 36 16 31 18 20 20 19 22 18 24 17 26 16 28 15 Quantity 18 Price $12 | $14 $16 $18 $20 $22 $24 $26 $28 17 16 15 14 12 11 10 2. Using Table 2. a. calculate the demand curve if P1= $28 and P2= $14 Qp=a+bP b. Show the mathematical check for your derived demand equation using two different price points from the demand schedule. t321o
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