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    Activity #2

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    Jastine Anne
    1. The document provides the demand and supply schedules for 5 different products labeled A through E. 2. For each product, it gives the demand and supply functions in terms of quantity (Q) and price (P). 3. The equilibrium price for each product is calculated by setting the demand and supply functions equal to each other and solving for the price (P).

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Activity #2

    Uploaded by

    Jastine Anne
    372 views4 pages
    1. The document provides the demand and supply schedules for 5 different products labeled A through E. 2. For each product, it gives the demand and supply functions in terms of quantity (Q) and price (P). 3. The equilibrium price for each product is calculated by setting the demand and supply functions equal to each other and solving for the price (P).

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    © © All Rights Reserved

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    1. The document provides the demand and supply schedules for 5 different products labeled A through E. 2. For each product, it gives the demand and supply functions in terms of quantity (Q) and price (P). 3. The equilibrium price for each product is calculated by setting the demand and supply functions equal to each other and solving for the price (P).

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    372 views4 pages

    Activity #2

    Uploaded by

    Jastine Anne
    1. The document provides the demand and supply schedules for 5 different products labeled A through E. 2. For each product, it gives the demand and supply functions in terms of quantity (Q) and price (P). 3. The equilibrium price for each product is calculated by setting the demand and supply functions equal to each other and solving for the price (P).

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    Name: Jastine Anne DC.

    Yumul
    Course and Section: BSCPE 3-2

    DEMAND, SUPPLY, AND EQUILIBRIUM


    Price Qd Q
    s
    A B C D E A B C D E
    575 -3382 -3434 -1140 -74000 -1665 5783 6931 12134 109450 2390
    750 -4432 -4484 -1490 -96750 -2190 7533 9031 15809 142700 3090
    1045 -6202 -6254 -2080 -135100 -3075 10483 12571 22004 198750 4270
    150 -832 -884 -290 -18750 -390 1533 1831 3209 28700 690
    345 -2002 -2054 -680 -44100 -975 3483 4171 7304 65750 1470

    1. Solve for Qd and Qs using the following


    schedule:
    A. Qs = 33+10P

    Qs = 33+10P Qs = 33+10P Qs = 33+10P Qs = 33+10P Qs = 33+10P


    33 + 10(575) 33 + 10(750) 33 + 10(1045) 33 + 10(150) 33 + 10(345)
    33 + 5750 33 + 7500 33 + 10450 33 + 1500 33 + 3450
    Qs = 5783 Qs = 7533 Qs = 10483 Qs = 1533 Qs = 3483

    Qd = 68-6P

    Qd = 68 -6P Qd = 68 -6P Qd = 68 -6P Qd = 68 -6P Qd = 68 -6P


    68 -6(575) 68 -6(750) 68 -6(1045) 68 -6(150) 68 -6(345)
    68 - 3450 68 - 4500) 68 - 6270 68 - 900 68 - 2070
    Qs = -3382 Qs = -4432 Qs = -6202 Qs = -832 Qs = -2002

    B. Qs = 31+12P

    Qs = 31+12P Qs = 31+12P Qs = 31+12P Qs = 31+12P Qs = 31+12P


    31 + 12(575) 31 + 12(750) 31 + 12(1045) 31 + 12(150) 31 + 12(345)
    31 + 6900 31 + 9000 31 + 12540 31 + 1800 31 + 4140
    Qs = 6931 Qs = 9031 Qs = 12571 Qs = 1831 Qs = 4171
    Qd = 16-6P

    Qd = 16 -6P Qd = 16 -6P Qd = 16 -6P Qd = 16 -6P Qd = 16 -6P


    16 -6(575) 16 -6(750) 16 -6(1045) 16 -6(150) 16 -6(345)
    16 - 3450 16 - 4500 16 - 6270 16 - 900 16 - 2070
    Qs = -3434 Qs = -4484 Qs = -6254 Qs = -884 Qs = -2054

    C. Qs = 59+21P

    Qs = 59+21P Qs = 59+21P Qs = 59+21P Qs = 59+21P Qs = 59+21P


    59 + 21(575) 59 + 21(750) 59 + 21(1045) 59 + 21(150) 59 + 21(345)
    59 + 12075 59 + 15750 59 + 21945 59 + 3150 59 + 7245
    Qs = 12134 Qs = 15809 Qs = 22004 Qs = 3209 Qs = 7304

    Qd= 10-2P

    Qd = 10 -2P Qd = 10 -2P Qd = 10 -2P Qd = 10 -2P Qd = 10 -2P


    10 -2(575) 10 -2(750) 10 -2(1045) 10 -2(150) 10 -2(345)
    10 - 1150 10 - 1500 10 - 2090 10 - 300 10 - 690
    Qs = -1140 Qs = -1490 Qs = -2080 Qs = -290 Qs = -680

    D. Qs = 200+190P

    Qs = 200+190P Qs = 200+190P Qs = 200+190P Qs = 200+190P Qs = 200+190P


    200 + 190(575) 200 + 190(750) 200 + 190(1045) 200 + 190(150) 200 + 190(345)
    200 + 109250 200 + 142500 200 + 198550 200 + 28500 200 + 65550
    Qs = 109450 Qs = 142700 Qs = 198750 Qs = 28700 Qs = 65750

    Qd = 750-130P

    Qd = 750 -130P Qd = 750 -130P Qd = 750 -130P Qd = 750 -130P Qd = 750 -130P
    750 -130(575) 750 -130(750) 750 -130(1045) 750 -130(150) 750 -130(345)
    750 - 74750 750 - 97500 750 - 135850 750 - 19500 750 - 44850
    Qs = -74000 Qs = -96750 Qs = -135100 Qs = -18750 Qs = -44100
    E. Qs = 90+4P

    Qs = 90+4P Qs = 90+4P Qs = 90+4P Qs = 90+4P Qs = 90+4P


    90 + 4(575) 90 + 4(750) 90 + 4(1045) 90 + 4(150) 90 + 4(345)
    90 + 2300 90 + 3000 90 + 4180 90 + 600 90 + 1380
    Qs =2390 Qs = 3090 Qs = 4270 Qs = 690 Qs = 1470

    Qd = 60-3P

    Qd = 60 -3P Qd = 60 -3P Qd = 60 -3P Qd = 60 -3P Qd = 60 -3P


    60 - 3(575) 60 - 3(750) 60 - 3(1045) 60 - 3(150) 60 - 3(345)
    60 - 1725 60 - 2250 60 - 3135 60 - 450 60 - 1035
    Qs = -1665 Qs = -2190 Qs = -3075 Qs = -390 Qs = -975

    2. Solve for the Equilibrium Price of each Demand and Supply Function
    (input your answers also in this file with complete solution).
    Equilibrium = Qd = Qs

    A. Qs = 33+10P, Qd = 68-6P
    68 – 6P = 33 + 10P
    68 – 33 = 10P + 6P
    35 = 16P
    35/16 = 16P/16
    = 2.1875P

    B. Qs = 31+12P, Qd = 16-6P
    16 – 6P = 31 + 12P
    16 – 31 = 12P + 6P
    -15 = 18P
    -15/18 = 18P/18
    = -0.83P

    C. Qs = 59+21P, Qd= 10-2P


    10 – 2P = 59 + 21P
    10 – 59 = 21P + 2P
    -49 = 23P
    -49/23 = 23P/23
    = -2.1304P

    D. Qs = 200+190P, Qd = 750 – 130P


    750 – 130P = 200 + 190P
    750 – 200 = 190P + 130P
    550 = 320P
    550/320 = 320P/320
    = 1.71875P

    E. Qs = 90+4P, Qd = 60 – 3P
    60 – 3P = 90 + 4P
    60 – 90 = 4P + 3P
    -30 = 7P
    -30/7 = 7P/7
    = -4.2857P

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