Homework Answers
A)there will be 8 and by joining those points we can draw demand curve.
On X axis , QUANTITY of MacBook will be shown and on Y axis price.
Point 1 ,(P,q)=(1,40)
Point 2,(2,35)
Point 3,(3,30)
Point 4,(4,25)
Point 5(5,18)
And so on,
B) the highest price that produce equilibrium quantity=5 is the fifth highest reservation price ,which is equal to 10.
So highest price=18,which will produce equilibrium quantity=5
C) A ,B,C,D,F
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