Yearly demand and supply for the entronics corporation is, Ask an Expert

Economics

Yearly demand and supply for the Entronics corporation is given by: Qd= 5,000 +0.5I+0.2A-100P and Qs=-5000=100P where Q is the quantity per year, P is price, I is income per household, and A is advertising

if A= 10,000 and I = 25,000

[A] Find the demand curve

[B] Given the demand curve in part a, what is the equilibrium price and quantity.

[C] If consumer income increases to 30,000 what will be the impact on equilibrium price and quantity

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9309773

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