Question

QD=8000-2P2 +0.4 I-2 PY +SP2 QD = Quantity demanded of good & PX = Price of good x I= consumer of Income (In thousands) PY= Price of good Y P2= Price of good 2 1) what are the you don't need Price intercept intercepts and slope of your demaner curve? to draw the demand curve. Just indicate the and the quantity intercep and slope. 2) If the price of good x is $100, what is quantity demanded 3) suppose price of good to demand curve? what intercept and slope? raises to $150, what would happen the price intercept, avantita are

Answer 1

8000t 0Y7-3P S (1) whun ya So the guantity intarpt 8000 t04T-2Py tSP 2

Se, the pria intesipt is AP Clapee Then dp 3) Satfese pria of fed 2 41507 he demand eue uld hift to the nght Prie instertpt aics to Pr4aot 02I-Rt 1So) 4375 t021-Py

rentity intorcept voo t 0.41- t5(L50) ay 8150t o.41-Py Slepe emains the same AP 2