Question

1. At the price level of 25,000,- the number of canvas bags requested is
500 pcs. When the price of canvas bags rises to 30,000,- the number of bags
requested to decrease to 400 pcs. Define canvas bag request function
the?

2. At the price level of 25,000,- the number of canvas bags offered is 100 pcs.
When the price of canvas bags rises to Rp. 30,000,- the number of bags
offered to increase to 200 pcs. Define canvas bag bidding function
the?

3. Based on the supply and demand functions above (number 1 and 2). Define
the balance point (P and Q) of the canvas bag!

Answer 1

Answer:

1st .28,000

2 . 25,000

3. 1700