3 The graph on the right shows a demand curve labeled DUse the line drawing tool to draw the new domand curve, Dy, when demand increases by 20 pemant. Attach the appropriate provided bCarefully follow the instructions above, and draw only the required objectThe equation for the original demand curve DisQ-50-625PFind the new demand equation when demand increases by 20 percent (Enter numeric vale xounded to one decmal place spaces below. Note thatthere is already a negative sign in front of the slope term, ao enter the slope vale as a positive number)Q-4167-521PThe supply curve for the product isQ-10 12.5PFind the original equilibrium price and quantity using the original demand curve D, Ender your responde a number rounded to 2 des places)P-32 and Q=30Find the new equilibrium price and quantity after demand increases 20 percent une demand curve D₂1 (Enter your res real numbers rounded to 2deomal places)Pa and 0-Calculate the price elasticity of demand and the price elasticity of supply at the new equilibrium uno demand curve D. Erder your responses arenumbers rounded to 2 decimal places)Price elasticity of demand isPrice plasticity of supply inwould11020IN203524SHS23110443 20Quently@QG

Note - Since all the parts are already filled so I am answering from the 3rd point.

The graph on the right shows a domand curve labeled D Use the line drawing tool to draw the new domand curve, Dy, whes demand increases by 20 per Carefully follow the instructions above, and draw only the required by The equation for the original demand carve D, is Q-50-625P Find the new demand equation when demand increases by 20 porcent Enter numeric values and there is already a negative aign in bord of the slope term, ao enter the slope vale as a positive nunt Q-4167-621P The supply carve for the product is Q-10 12.50

The graph on the right shows a domand curve labeled D Use the line drawing tool to draw the new domand curve, Dy, whes demand increases by 20 per Carefully follow the instructions above, and draw only the required by The equation for the original demand carve D, is Q-50-625P Find the new demand equation when demand increases by 20 porcent Enter numeric values and there is already a negative aign in bord of the slope term, ao enter the slope vale as a positive nunt Q-4167-621P The supply carve for the product is Q-10 12.50

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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