Demand curve for videos has shifted to the right

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Reference no: EM1321503

Q. The demand curve for videos has shifted to the right. Illustrate what could have caused it?

Q. If the marketplace demand also supply functions for pizza in Newtown were
QD = 12,000 - 1,000P
QS = -4,000 + 1,000P

Find the equilibrium quantity also cost.

Starting with the demand also supplies functions from problem #1, Conclude algebraically the new equilibrium cost also quantity if

(a) the demand function changes from QD=12,000-1,000P to QD"= 8,000- 1,000,

or (b) the marketplace supply function changes from QS= -4,000 + 1,000P to QS** = 1,000P.

Reference no: EM1321503

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