Ng Corporation produces and sells only one product; its selling price is $100 and its variable cost is $80 per unit. The companys monthly fixed expense is $20,000.

Question 1 30 pts Suppose the demand function is Qdx = 1000 - 80Px + 60P,+ M. Research shows that the prices are given Px = $30, Py = $20, and income is M = $2000 a. Draw the demand curve. Find the intercepts and slope. b. Calculate the own price elasticity of demand and interpret your answer. PUNJABI ENGLISH : Question 1 30 pts Suppose the demand function is Qdx = 1000 - 80Px + 60P,+ M. Research shows that the prices are given Px = $30, Py = $20, and income is M = $2000 a. Draw the demand curve. Find the intercepts and slope. b. Calculate the own price elasticity of demand and interpret your answer. PUNJABI ENGLISH