1. Suppose consumers will demand 40 units of product when the price is $12 and 25 units when the price is $18 each. 6) Find a linear equation for the: 0. Demand curve. (ii). Demand function. (b). Find the price per unit when 30 units are demanded. 2.The demand curve for a product is p50-00005q- where p is the price per unit. and q is the number of units demanded. How many units must be sold to achieve sales of S1,200,000?

1. Suppose consumers will demand 40 units of product when the price is $12 and 25 units when the price is $18 each. 6) Find a linear equation for the: 0. Demand curve. (ii). Demand function. (b). Find the price per unit when 30 units are demanded. 2.The demand curve for a product is p50-00005q- where p is the price per unit. and q is the number of units demanded. How many units must be sold to achieve sales of S1,200,000?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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