Illustrate what is the demand function for good x

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Reference no: EM1343751

Q. Assume the demand curve in a particular marketplace is given by Q = 5 - 0.5P.

a) Plot this curve in a graph.

b) At illustrate what price will demand be unitary elastic?

Q. Assume the demand function for good X is Qd = 600 - 2PX + 7PR, illustrate what is the demand function for good x.

Q. Which investment produces a $40 daily profit for a game shop earning $2 profit from every game sold?

Reference no: EM1343751

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