4. Calculate demand functions with different intercept and draw on graph. Qd=1,400 – 10P Qdz = 1,700 – 10P Qds= 1,100 – 10P 160 140 Price Demand2 = Demands = 120 | 1,400 – 10P | 1,700 – 10P | 1,100 – 10P ]100 Demand = 20 80 40 60 60 80 100 40 120 140 160 20 400 500 600 700 900 1000 1100 1200

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter3: Demand Analysis
Section: Chapter Questions
Problem 8E: The Stopdecay Company sells an electric toothbrush for $25. Its sales have averaged 8,000 units per...
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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
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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