Calculate market demand and market supply

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Reference no: EM1372506

Q. Demand: Px=100-10Qd
Supply: Px=20+10Qs

Where Px is unit price and Qd is quantity demanded and Qs is quantity supplied (millions) per year.

Assume Qd/Qs=0,1,2....10 and te price per unit Px runs from $0 to $100

Calculate market demand and market supply

Q. If total factor productivity decreases, determine using diagrams how this affects golden rule of capital per worker and golden rule of savings rate in so low model and explain your results?

Reference no: EM1372506

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