Refer to the diagram to the right. The equation for market demand is given by: D(p) = 950-10p The Market 100.00- 90.00- 80.00- The equation for the supply curve of all other firms is given by: 70.00- So(p)=-400+20p At the market equilibrium price of $45.00, the residual demand for a given firm is: ☐ units (enter your response as an integer). At a market price of $42.31, the residual demand for this same firm is: units (enter your response as an integer). AQ The slope of this firm's residual demand curve is: ΔΡ (enter your response as an integer. Include a minus sign if necessary). O Price 60.00- 50.0045.00 40.00- 30.00- 20.00- 10.00- 0.00- 500 p = 42.3 0 100 200 300 400 500 600 700 800 900 Quantity (per week)

Refer to the diagram to the right. The equation for market demand is given by: D(p) = 950-10p The Market 100.00- 90.00- 80.00- The equation for the supply curve of all other firms is given by: 70.00- So(p)=-400+20p At the market equilibrium price of $45.00, the residual demand for a given firm is: ☐ units (enter your response as an integer). At a market price of $42.31, the residual demand for this same firm is: units (enter your response as an integer). AQ The slope of this firm's residual demand curve is: ΔΡ (enter your response as an integer. Include a minus sign if necessary). O Price 60.00- 50.0045.00 40.00- 30.00- 20.00- 10.00- 0.00- 500 p = 42.3 0 100 200 300 400 500 600 700 800 900 Quantity (per week)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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