Assume that the demand function is equal to: Qd=500-100P, where price range is P1 to P5, derive the demand schedule. P is the price of the product and Qd is the quantity demanded. Note for tutor: Complete the answer for Quantity Demanded and Quantity Supplied (Qs). Illustrate an additional graph for references. Price (P) Quantity Demanded (Qd) Quantity Supplied (Qs) 1     2

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