7 pages

Opt1-Rev-graph

Supply and Demand Graph
Qd	Qs	P
34450	0	100
30250	7910	200
26050	15820	300
21850	23730	400
17650	31640	500
13450	39549	600
9250	47459	700
Qd = 38650-42P		=	Qs = -7909.89+79.0989P
38650 - 42P		=	-7909.89 + 79.0989P
38650+7909.89-42P		=	79.0989P
46559.9-42P +42P		=	79.0989P + 42P
46559.89		=	121.0989P
46559.9/121.0989		=	121.0989P/121.0989
384.48		=	P in cents
$3.84			P in dollars
Qd = 38650-42P		=	Qs = -7909.89+79.0989P
Qd = 38650-42*384.48			Qs = -7909.89+79.0989*[384.48]
22502			22502
121.0989	P =	46559.89

&A

Demand 34450 30250 26050 21850 17650 13450 9250 100 200 300 400 500 600 700 Supply 0 7909.89 15819.780000000002 23729.670000000002 31639.559999999998 39549.450000000004 47459.340000000004 100 200 300 400 500 600 700

Option 1-solutions

Option#1	Qd	Constant	P	A	Px	I	M	Solution
Est.Coeff.		-5,200	-42	0.20	20	5.20	0.25
Var.Values			500	10,000	600	5,500	5,000
	Qd=	-5,200	-21,000	2,000	12,000	28,600	1,250	17,650
	Qd=	-5,200	-42P					43,850
Demand Function	Qd=	38,650	-42P
Price Values=		38,650	-42	100	200	300	400	500	600	920.24
	Qd=	17,650		34,450	30,250	26,050	21,850	17,650	13,450	-0
	Ed=		-1.1898016997
	Ea=			0.1133
	Epx=				0.6799
	Ei=					1.6204
	Em=						0.0708

&A