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A. Given the following demand schedule for pork in Market A: Quantity demanded 300.00 3,000 2-000 500.00 1,000 Plot the demand curve for pork and

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A. Given the following demand schedule for pork in Market A: Quantity demanded 300.00 3,000 2-000 500.00 1,000 Plot the demand curve for pork and label the curve as Di. Assume that price of chicken meat increased by 20% which caused the demand for pork to change by 10% but other factors affecting demand remain unchanged. Illustrate the effect of change in price of chicken meat on the demand for pork by preparing the new demand schedule for the latter, then, plot the new demand [02) on the diagram in #1. Transform the given data above into a demand equation using the linear function P = a + bQ. Calculate arc price elasticity coefcient from: 4.1. P200 to P300 4.2. P300 to P400 4.3. P400 to P500 Classify the elasticity in each change in price. Compute for the total revenue (TR) in each price level. Is it advisable for the seller to increase the price per unit from P400 to P500? Why? B. Enumerate ve (5} factors that may cause the demand for Selecta ice cream to increase. C. Rank the following commodities in terms of price elasticity coefficient (in absolute values) - from highest to lowest. Explain briey you answer. 5-0:\"pr luxury car rice steak fruits needle

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