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The following equations summarizes the demand and supply in certain market: Q s = -44+8P (supply) Q d =125 - 2P (demand) AutoSave (( Off)
The following equations summarizes the demand and supply in certain market:
Qs= -44+8P (supply)
Qd=125 - 2P (demand)
AutoSave (( Off) - L Arial Exerc... Search (Alt+0) Titisi Bonolo TE File Home Insert Draw Design Layout References Mailings Review View Developer Help Comments Share S. I . 1 . I . 2 . 1 . 3 . 1 . 4 . 1 .5 . 5 . 1 . 6 . 1 . 7 . 1 . 8 . 1 . 9 . 1 . 10 . 1 . 11 . 1 . 12 . 1 . 13 . 1 . 14 . 1 . 15 . 1 . 16 . 1 . 17 . 1 . 18 . 1 . 19 . 1 . 20 . 1 . 21 . 1 . 22 . 1 . 23 . 1 . 24 . 1 . 25 . 1 . 26 . 1 . 27 . 1 . 28 . An economist.is guessing that equilibrium.price.(P)-of-this market-lies-between-R11.and.R20. . Therefore, he has-designed the following-table.to find. quantity supplied (Qs) and-quantity.demanded .(Qd) at-the various.prices in order.to plot-the demand and-supply.curves.on a-graph. .T T Pa 11 12 130 14 150 160 17: 18 190 20pu a a e Qd a)->Using the-values.of.P.provided in the table.above, solve the supply .equation . for.the-values.of.Qs-and insert them into their respective.spaces.in. the table. .(15-Marks) b)-Similarly, solve-the-demand equation for.the values of Qq and insert them.into their respective-spaces.in the table. -(15.Marks)1 c)-Using the information on the completed.table, plot.the demand and supply-curves on a graph. -(10.Marks)T d)-According to economic theory, a market.is.in equilibrium at the price at.which quantity.supplied.(Qs) is equal-to-quantity.demanded.(Qd). Based on.that.understanding, what are.the.equilibrium .price and quantity.inferred .from the graph? (5.Marks) e)->Was.the economist.right.in.speculating.that equilibrium.price will lie.between.R11.and.R20?.Why?.(3.Marks)T QUESTION .4.(29.MARKS)TI Selected students of the University of Cape . Town.were asked.what political party.they would.vote for.if.elections.were held.today. The data collected is shown in . Table.2.below. FOCUS 5 % Accessibility: Investigate 3:16 PM 640 words X English (United States) Text Predictions: On 7 0 64 8 0 4 5 0 P3 ~ 8 0 ENG 6/22/2022 Type here to search OStep by Step Solution
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