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DEMAND FUNCTIOn: Qd = 120 - 4P
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1.) Qd = 120 - 4P
Qd = 120 - 4(30)
Qd = 120 - 120
Qd = 0
answer: Qd = 0
2.) P = a - Qd/b
P = 120 - 24/4
P = 96/4
P = 24
answert: P = 24
3.) P = a - Qd/b
P = 120 - 40/4
P = 80/4
P = 20
answer: P = 20
4.) Qd = 120 - 4P
Qd = 120 - 4(18)
Qd = 120 - 72
Qd = 48
answer: Qd = 48
5.) P = a - Qd/b
P = 120 - 72/4
P = 48/4
P = 12
answert: P = 12
6.) Qd = 120 - 4P
Qd = 120 - 4(8)
Qd = 120 - 32
Qd = 88
answer : Qd = 88
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Answer:
answer: Qd = 0
2.) P = a - Qd/b
P = 120 - 24/4
P = 96/4
P = 24
answert: P = 24
3.) P = a - Qd/b
P = 120 - 40/4
P = 80/4
P = 20
answer: P = 20
4.) Qd = 120 - 4P
Qd = 120 - 4(18)
Qd = 120 - 72
Qd = 48
answer: Qd = 48
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