Need help with a supply and a demand curve

kcal714

Q = 38,650 - 42P

4.     Assume that all the factors affecting demand in this model remain the same, but that the price has changed. Further assume that the price changes are 100, 200, 300, 400, 500, 600 cents.

5.         Plot the demand curve for the firm.

 

6.         Plot the corresponding supply curve on the same graph using the following MC / supply function Q = -7909.89 + 79.1P with the same prices.

    • 10 years ago
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