ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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In part qd there is mistake please see this is not  p-2 this is p-20 

So i clear mention that neglect p-2 

Write p-20 is correct one 

Q2: suppose the demand and supply equation for eggs in market is:
Qd= 100-2p;
Qs= 10+40p
i. Complete the given table
ii. Graphically show the equilibrium
iii. Find PED: for 0.5 to 1.5 and 2.5 to 1.0
iv. What happened to the eggs market if Government increases tax on poultry farm business
and on the other hand consumer decreases the consumption of eggs because of
reeducation in their income level (show and explain graphically)
Price
Qd
Qs
0.5
1.0
| 1.5
| 2.0
| 2.5
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Transcribed Image Text:Q2: suppose the demand and supply equation for eggs in market is: Qd= 100-2p; Qs= 10+40p i. Complete the given table ii. Graphically show the equilibrium iii. Find PED: for 0.5 to 1.5 and 2.5 to 1.0 iv. What happened to the eggs market if Government increases tax on poultry farm business and on the other hand consumer decreases the consumption of eggs because of reeducation in their income level (show and explain graphically) Price Qd Qs 0.5 1.0 | 1.5 | 2.0 | 2.5
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