Question
The Stuart company, which is dedicated to the sale of electrical appliances in the region of Rincn, Puerto Rico, found information related to the sale
The Stuart company, which is dedicated to the sale of electrical appliances in the region of Rincn, Puerto Rico, found information related to the sale of radios in its only store located in the same city. In the first years, on average, they sold a quantity of 12 radios at a price of 3.00. You are in charge of making an evaluation in order to establish a linear demand with the information given to you.
You must do:
*The corresponding graph and identify the different points in it.
* in each of the prices you must establish if we have a surplus, balance and scarcity
*Determine if the price goes down, goes up or stays the same.
*Complete the table to determine if it is elastic, inelastic or unitary in each of the situations.
Precio Demanda Oferta 5 9 18 4 10 16 3 12 12 2 15 7 20Step by Step Solution
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