Exam (elaborations)
DSC1520 Assignment 1 to 3 Semester 1
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Questions 3 and 4 are based on the following information: The demand and supply functions for free-range chickens are Pd = 50 − 0,6Q and Ps = 20 + 0,4Q, where P is the price and Q the quantity. Question 3 The equilibrium price and quantity are [1] P = 8,00; Q = 70. [2] P = 32,00; Q = 30. [3] P = 48,50; Q = 3. [4] P = 68,00; Q = 30. Question 4 If free-range chickens are subsidised by R4, the equilibrium price and quantity are [1] P = 17,20; Q = 3.
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- Chamberlain College Nursing
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- UNISA SBL DSC3702
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- Uploaded on
- March 5, 2022
- Number of pages
- 23
- Written in
- 2021/2022
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- Exam (elaborations)
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dsc1520
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dsc1520 assignment 1 to 3 semester 1
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the demand and supply functions for free range chickens are pd 50 − 0
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6q and ps 20 0
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4q
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where p is the price and q the quantity
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