Question: 4. The general demand function for the demand curves in is Q, = 3, 20010P+ 0.05 M - 24135, Derive the demand function when income

4. The general demand function for the demand curves in is Q, = 3, 20010P+ 0.05 M - 24135, Derive the demand function when income is $48,000 and the price of the related good is $200. Sketch this demand curve A___n_d label it D3. 5. With the sketch of D3 that you constructed in Technical Problem 4 to explain the difference between a movement along a demand curve and a shift in the demand curve

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