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Q. The demand curve for videos has shifted to the right. Illustrate what could have caused it?

Q. If the marketplace demand also supply functions for pizza in Newtown were
QD = 12,000 - 1,000P
QS = -4,000 + 1,000P

Find the equilibrium quantity also cost.

Starting with the demand also supplies functions from problem #1, Conclude algebraically the new equilibrium cost also quantity if

(a) the demand function changes from QD=12,000-1,000P to QD"= 8,000- 1,000,

or (b) the marketplace supply function changes from QS= -4,000 + 1,000P to QS** = 1,000P.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9171880

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