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Activity 3
Activity 3
Activity 3
DEMAND FUNCTION
Direction: Complete the demand schedule using the demand function given below:
*Please show your solution. (25pts)
Demand Function: Qd = 90-2P
1) B.
Qd = a-b(P) Qd=90-2(5)
a= 90 = 90-10
b= 2 Qd= 80
P= 5
Qd=?
2) C.
Qd=a-b(P) 70= 90-2(P)
Qd= 70 70-90=(-2P)
a= 90 -20=(-2P)
b= 2 -2
P=? 10=P
3) D.
Qd=a-b(P) Qd=90-2(15)
a= 90 Qd=90-30
b=2 Qd= 60
P=15
Qd=?
4) F.
Qd=a-b(P) Qd=90-2(25)
a=90 Qd=90-50
b=2 Qd=40
P=25
Qd=?
5) G.
Qd=a-b(P) 30=90-2P
a=90 30-90=(-2P)
b=2 -60=(-2P)
Qd=30 -2
P=? 30=P