Question

4. Pencil company wants to make pencils and from the sales data of other similar pencils, the demand function for pencils = Qd = 5000 - 5p. Find out:

a) No. of pencils sold

b) Price of Qd

c) Price of Qd

d) Prepare a demand schedule and a demand curve

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Answer 1

Explanation:

d) Prepare a demand schedule and a demand curve