USE TABLE #1:The demand curve intersects with the price axis at $ (Remember to use acomma, if a comma is needed and to include the decimal point and two numbers tothe right of the decimal point).USE TABLE #1:The demand curve intersects with the quantity sold axis at(Remember to use a comma, if a comma is needed and to include the decimal pointand two numbers to the right of the decimal point).electric automobiles.FIGURE R1:Price (dollars perPrice (dollars perton of plywood)ton of plywood)D2DIQuantity (tons ofplywood per month)Figure AD2Quantity (tons ofplywood per month)Figure BPrice (dollars perton of plywood)Price (dollars perton of plywood)Quantity (tons ofplywood per month)Quantity (tons ofplywood per month)Figure CFigure DTABLE 1:The following table shows different points on the linear supply and demand curves for electric automobiles:QuantitySupplied60120180240300360In UnitsPrice$0.00$20,000.00$40,000.00SE0,000.00S0,000.00$100,000.00$120,000.00QuantityDemanded720600480360240120In UnitsPlease solve a and b

Answers (a) Demand curve intersects price axis at price level where the quantity demanded (in…

= demand curve intersects with the price axis at $ mma, if a comma is needed and to include the decimal point and two numbers to (Remember to use a right of the decimal point). E TABLE #1: e demand curve intersects with the quantity sold axis at emember to use a comma, if a comma is needed and to include the decimal point d two numbers to the right of the decimal point). electric automobiles.

= demand curve intersects with the price axis at $ mma, if a comma is needed and to include the decimal point and two numbers to (Remember to use a right of the decimal point). E TABLE #1: e demand curve intersects with the quantity sold axis at emember to use a comma, if a comma is needed and to include the decimal point d two numbers to the right of the decimal point). electric automobiles.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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