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Assignment help 3436

  1. Plot the following Price and Quantity combinations: (4,8), (1,2), (5,10)
  2. Is your graph more likely to be a demand curve or a supply curve? why?
  3. Using the equation of a line, and P for price and Q for quantity, what is the algebraic formula of this curve?
  4. Plot the following Price and Quantity combinations. Note that the points are given in the format (Quantity, Price). (0,50), (2,40), (4,30), (6,20), (8,10)
  5. Using the equation of a line, what is the algebraic formula of this demand curve?
  6. Price: $50, Quantity: (Instructions: Suppose the equation of the line changes to P=-5*Q+70. Compute the quantity demanded at each indicated price.
  7. Price: $40, Quantity:
  8. Price: $30, Quantity:
  9. Price: $20, Quantity
  10. Price: $10, Quantity

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