Problem #2 Suppose the Demand schedule of Rice was been revised during February 2021. Graph the schedule of rice during January and February in a 2-dimensional cartesian coordinate plane and determine the shift of the demand curve for rice. Table 4.1.5 Demand Schedule for Rice Table 4.1.6 Demand Schedule for Rice During January 2021 Quantity Demanded (kg) 11 kg 17 kg 28 kg 35 kg 43 kg During February 2021 Quantity Demanded (kg) 4 kg 6 kg 8 kg 15 kg 23 kg Point Price (Peso) Point Price (Peso) P123.50 P104.00 B P114.50 B PI01.00 C P98.00 P98.00 D P87.50 P87.50 E P75.50 P75.50

Problem #2 Suppose the Demand schedule of Rice was been revised during February 2021. Graph the schedule of rice during January and February in a 2-dimensional cartesian coordinate plane and determine the shift of the demand curve for rice. Table 4.1.5 Demand Schedule for Rice Table 4.1.6 Demand Schedule for Rice During January 2021 Quantity Demanded (kg) 11 kg 17 kg 28 kg 35 kg 43 kg During February 2021 Quantity Demanded (kg) 4 kg 6 kg 8 kg 15 kg 23 kg Point Price (Peso) Point Price (Peso) P123.50 P104.00 B P114.50 B PI01.00 C P98.00 P98.00 D P87.50 P87.50 E P75.50 P75.50

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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