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Demand & Supply Function Analysis

The document presents two questions related to demand and supply functions. The first question requires constructing demand and supply functions based on provided price, demand, and supply data. The second question involves completing a table for given demand and supply equations, finding the equilibrium price and quantity, and determining excess demand or supply at various price points.

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Saneej
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13 views1 page

Demand & Supply Function Analysis

The document presents two questions related to demand and supply functions. The first question requires constructing demand and supply functions based on provided price, demand, and supply data. The second question involves completing a table for given demand and supply equations, finding the equilibrium price and quantity, and determining excess demand or supply at various price points.

Uploaded by

Saneej
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Question -01

Price (P) Demand Supply


0 100 20
5 75 35
10 50 50
15 25 65
20 0 80

Construct Demand & Supply Function

Question -02

You are given the following Demand and Supply equations:

• Demand Function:

Qd=90−4P

• Supply Function:

Qs=10+2PQ

I. Complete the table below for prices from 5 to 15:


II. Find the Equilibrium Price and Quantity.
III. Find Excess Demand or Supply In Each Point

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