Question: analyze and compute thye problem. y 6 Post-Assessment (What I have learned?) Wow! That's great! I know that you are very proud of what you've

analyze and compute thye problem.

analyze and compute thye problem. y 6 Post-Assessment (What I have learned?)

y 6 Post-Assessment (What I have learned?) Wow! That's great! I know that you are very proud of what you've done. Now, let's try another activity. Come on! Let's do this! Directions: Analyze and compute problems. Write your answer on the answer sheet provided. 1. An individual consumer's monthly demand for downloadable e-books is given by the equation Qdeb = 2 - 0.4peb + 0.00051 + 0.15Phb where Qdeb equals the number of e-books demanded each month, Peb equals the price of e-books, I equals the household monthly income, and Pho equals the price of hardbound books, per unit. Notice that the sign on the price of hardbound books is positive, indicating that when hardbound books increase in price, more e-books are purchased; thus, according to this equation, the two types of books are substitutes. Assume that the price of e-books is E10.68, household income is E2,300, and the price of hardbound books is E21.40. 1 Determine the number of e-books demanded by this household each month. 2 Given the values for I and Phb, determine the inverse demand function. 3 Determine the slope of the demand curve for e-books. 4 Calculate the vertical intercept (price-axis intercept) of the demand curve if income increases to E3000 per month

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