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ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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4. Calculate demand functions with different intercept and draw on graph.
Qd = 1,400 – 10P
Odz = 1,700 – 10P
Qdz= 1,100 – 10P
160
140
Demand =
1,400 – 10P 1.700 – 10P | 1.100 – 10P
Price
Demandz = Demand; =
120
100
20
40
80
60
60
80
100
40
120
20 F
140
160
1000
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1200
400
500
600
700
900
5. Calculate demand functions with different intercept and draw on graph.
Qs = -400 – 20P
Os2 =-100 – 20P
Qs3 =-700 – 20P
160
140
120
Supply =
-400 + 20P
Supply2 =
-100 + 20P
Supply; =
-700 + 20P
Price
100
80
20
40
60
60
So
40
100
| 120
| 140
| 160
20 P
400
500
600
700
800
900 1000
1100 1200"
Transcribed Image Text:Page |6
4. Calculate demand functions with different intercept and draw on graph.
Qd = 1,400 – 10P
Odz = 1,700 – 10P
Qdz= 1,100 – 10P
160
140
Demand =
1,400 – 10P 1.700 – 10P | 1.100 – 10P
Price
Demandz = Demand; =
120
100
20
40
80
60
60
80
100
40
120
20 F
140
160
1000
1100
1200
400
500
600
700
900
5. Calculate demand functions with different intercept and draw on graph.
Qs = -400 – 20P
Os2 =-100 – 20P
Qs3 =-700 – 20P
160
140
120
Supply =
-400 + 20P
Supply2 =
-100 + 20P
Supply; =
-700 + 20P
Price
100
80
20
40
60
60
So
40
100
| 120
| 140
| 160
20 P
400
500
600
700
800
900 1000
1100 1200
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