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1. Demand a.) using the demand function (Qdx = 20-0.4Px), calculate the quantity demanded assuming the following prices: (9PTS) - Show the solution 1.) P
1. Demand a.) using the demand function (Qdx = 20-0.4Px), calculate the quantity demanded assuming the following prices: (9PTS) - Show the solution 1.) P = 25 2.) P = 45 3.) P = 55 b.) based on your answer, present the table and graph (Price vs. Quantity demanded) (6PTS) 2. Supply a.) using the supply function (Qsx = -10 + 0.6Px), calculate the quantity demanded assuming the following prices: (9PTS) - Show the solution 1.) P = 30 2.) P = 50 3.) P = 90 b.) based on your answer, present the table and graph (Price vs. Quantity supplied) (6PTS)
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