Given the supply and demand function as Qd = 400-8p and Qs = 60 + 12p and suppose that the demand function changes to Qd = 640-8p, then. a) compute the effect of change in demand o equilibrium price ad quantity D. show the effect using supply and demand curve
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Given the supply and demand function as Qd = 400-8p and Qs = 60 + 12p and suppose that the demand function changes to Qd = 640-8p, then. a) compute the effect of change in demand o equilibrium price ad quantity D. show the effect using supply and demand curve
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