The equation of the demand function is Qd = 35-3p, and the equation of the supply...

Question

Question

The equation of the demand function is Q_d = 35-3p, and the equation of the supply function is Q_s = 5+2p

a. By how much does quantity demanded change when the price increases by $1

NONOTE: INDICATE THE CORRECT MAGNITUDE AND SIGN. FOR EXAMPLE AN INCREASE OF 2 IS 2, A DECREASE OF 2 IS -2

Answer 1

Answer #1

Answer 2

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