Question: bhovv your solutions 1. Given that the quantity demanded for the particular good is 40 units price per unit of P7, derive the demand equation

bhovv your solutions 1. Given that the quantity demanded for the

bhovv your solutions 1. Given that the quantity demanded for the particular good is 40 units price per unit of P7, derive the demand equation assuming that when the selling price decreased to PS, the quantityr demanded for this commodity increased to 60 units. 2. Given that the quantity supplied for the particular good is 60 units price per unit of P10, derive the supply equation assuming that when the selling price increased to P14, the quantity suppEied for this commodity increased also to 100 units. 3. Derive the linear demand and supply equations of the following schedules: a. Demand Schedule: E. Find the equation using situations A and B ii. Find the equation using situations C and D 0mm, 13. Supply Schedule mm i. Find the equation using situations B and C ii. Find the equation using situations C and D

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