The demand function for a product is QD = 1000 - 20P (a). Make a table to show the demand schedule for the product when prices are OMR 0, OMR 10, OMR 20, OMR 30 and OMR 40. (b). Draw a diagram to show the demand curve that represents the demand schedule that you have made. (c). Make a new table to show the demand schedule for the demand function QD = 1000 -1OP when prices are OMR 0, OMR 10, OMR 20, OMR 30 and OMR 40. (d). Add the demand curve that represents the new schedule to the diagram that you drew in part 2. (e). Explain two factors that might have caused the change in the slope of the original demand curve.

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The demand function for a product is QD = 1000 - 20P
(a). Make a table to show the demand schedule for the product when prices
are OMR 0, OMR 10, OMR 20, OMR 30 and OMR 40.
(b). Draw a diagram to show the demand curve that represents the demand
schedule that you have made.
(c). Make a new table to show the demand schedule for the demand function
QD = 1000 -1OP when prices are OMR 0, OMR 10, OMR 20, OMR 30 and
OMR 40.
(d). Add the demand curve that represents the new schedule to the diagram
that you drew in part 2.
(e). Explain two factors that might have caused the change in the slope of the
original demand curve.
Transcribed Image Text:The demand function for a product is QD = 1000 - 20P (a). Make a table to show the demand schedule for the product when prices are OMR 0, OMR 10, OMR 20, OMR 30 and OMR 40. (b). Draw a diagram to show the demand curve that represents the demand schedule that you have made. (c). Make a new table to show the demand schedule for the demand function QD = 1000 -1OP when prices are OMR 0, OMR 10, OMR 20, OMR 30 and OMR 40. (d). Add the demand curve that represents the new schedule to the diagram that you drew in part 2. (e). Explain two factors that might have caused the change in the slope of the original demand curve.
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