Suppose the demand and supply curves for a product is given…


Suppose the ask-for and accoutre deflexions for a result is fond by ?? = 500 - 2?? ?? = -100 + 3?? a) Which is the accoutre deflexion and why? b) Graph the ask-for and accoutre deflexions. c) Compute the makeweight charge and amount d) If the floating charge is 100, what is the amount ask-fored and amount supplied? How would you represent this post and what would you rely-on to fall in this trade? e) Suppose that the ask-for changes to ?? = 600 - 2??. Find the new makeweight charge and amount and illusion this on your graph.