A=DATE OF BIRTH

Exercise 1:
We have the following data:
P 110 120 130 140 150 160
Qd 10000-A 9998-A 9996-A 9994-A 9992-A 9990- A
Qs 20-A 24-A 28-A 32-A 36-A 40- A
P=Price, $/Kg, Q=Quantitty, Kgs
1. Find the demand function (D1) and the supply function (S1) for commodity X as
P=a+bQ?
2. Find the demand schedule and the supply schedule of commodity X and from
them find the equilibrium price and the equilibrium quantity?
3. Plot, on one set of axes, the demand curve and the supply curve for commodity
X and show the equilibrium point?
4. Obtain the equilibrium price and the equilibrium quantity mathematically?
5. Demand D1 increase 20% become D2. Supply S1 increase 10% become S 2.
5.1. Find the demand function (D2) and the supply function (S2) for
commodity X as P=a+bQ?
5.2. Find the demand schedule and the supply schedule of commodity X and
from them find the equilibrium price and the equilibrium quantity?
5.3. Plot, on one set of axes, the demand curve (D1, D2) and the supply
curve (S1, S2) for commodity X and show the equilibrium point E1
(D1 and S1), E2 (D2 and S2)?
5.4. Obtain the equilibrium price and the equilibrium quantity
mathematically?
Exercise 2:
We have the following data:
Qx 1100-A 1110-A 1120-A 1130-A 1140-A 1150- A
Pd 10 9 8 7 6 5
Ps 20 30 40 50 60 70
P=Price, $/Kg, Q=Quantitty, Kgs
1. Find the demand function (D1) and the supply function (S1) for commodity X
as Q=c+dP?
2. Find the demand schedule and the supply schedule of commodity X and from
them find the equilibrium price and the equilibrium quantity?
3. Plot, on one set of axes, the demand curve and the supply curve for commodity
X and show the equilibrium point?
4. Obtain the equilibrium price and the equilibrium quantity mathematically?
5. Demand D1 increase 20% become D2. Supply S1 decrease 10% become S 2.
5.1. Find the demand function (D2) and the supply function (S2) for
commodity X as Q=c+dP?
5.2. Find the demand schedule and the supply schedule of commodity X
and from them find the equilibrium price and the equilibrium
quantity?
5.3. Plot, on one set of axes, the demand curve (D1, D2) and the supply
curve (S1, S2) for commodity X and show the equilibrium point E1
(D1 and S1), E2 (D2 and S2)?
5.4. Obtain the equilibrium price and the equilibrium quantity
mathematically?
Exercise 3:
We have the following data:
Qx 10000-A 9995-A 9990-A 9985-A 9980-A 9975- A
Ps 100 99 98 97 96 95
Pd 300 302 304 306 308 310
P=Price, $/Kg, Q=Quantitty, Kgs
1. Find the demand function (D1) and the supply function (S1) for commodity X as
P=a+bQ?
2. Find the demand schedule and the supply schedule of commodity X and from
them find the equilibrium price and the equilibrium quantity?
3. Plot, on one set of axes, the demand curve and the supply curve for commodity
X and show the equilibrium point?
4. Obtain the equilibrium price and the equilibrium quantity mathematically?
5. There are 20,000 identical individual in the market for commodity X and 5,000
identical producers of commodity X
5.1 Find the market demand schedule and the market supply schedule of
commodity X and from them find the equilibrium price and the
equilibrium quantity?
5.2 Plot, on one set of axes, the market demand curve and the market supply
curve for commodity X and show the equilibrium point?
5.3 Obtain the equilibrium price and the equilibrium quantity
mathematically?
Exercise 4:
We have the following data:
P 220 240 260 280 300 320
Qd 8000-A 7996-A 7992-A 7988-A 7984-A 7980- A
Qs 20+A 25+A 30+A 35+A 40+A 45+ A
P=Price, $/Kg, Q=Quantitty, Kgs
1. Find the demand function (D1) and the supply function (S1) for commodity X as
Q=c+dP?
2. Find the demand schedule and the supply schedule of commodity X and from
them find the equilibrium price and the equilibrium quantity?
3. Plot, on one set of axes, the demand curve and the supply curve for commodity
X and show the equilibrium point?
4. Obtain the equilibrium price and the equilibrium quantity mathematically?
5. There are 5,000 identical individual in the market for commodity X and 1,000
identical producers of commodity X
5.1 Find the market demand schedule and the market supply schedule of
commodity X and from them find the equilibrium price and the
equilibrium quantity?
5.2 Plot, on one set of axes, the market demand curve and the market supply
curve for commodity X and show the equilibrium point?
5.3 Obtain the equilibrium price and the equilibrium quantity
mathematically?