1. Complete the following table using the following demand function: Q d = 300 4P + 2P3, P equals the good's price and Ps equals the price of a substitute good. When the price of the substitute good equals $80, the demand function equals: Q d = 300 4P + 2(80); Qd = 300 4P + 160 or Q d = 460 4P. When the price of a substitute good falls to $70 per unit: Q d = 440 4P. Table 1.' $ Price Ps Qd Ps Qd $50 $80 260 $70 240 $60 $80 $70 $70 $80 $70 $80 $80 $70 $90 $80 $70 $100 $80 $7 0 Using the data from the Table, Plot the relationship between price and quantity demanded assuming the price of the substitute good equals $80. Once you have plotted the points, connect the points and label the curve D1.1 Figure 1: Demand and Supply Price 0 100 200 300 400 500 Answer questions df for the case where the good's price equals $60 and does not change. Demand and Supply