Question: Managerial economic question, Q = 180P - 20 Q = -190P + 405 Based on the information provided, answer the following questions: a) Explain the

Managerial economic question,

Q = 180P - 20

Q = -190P + 405

Based on the information provided, answer the following questions:

a) Explain the economic meaning of the negative (minus) sign in the Q

Draw demand curve

b) Calculate the equilibrium price in RM per kilos

c) Calculate the equilibrium volume in million kilos surplus

d) Calculate the equilibrium in Malaysia when government intervence the price of RM3.50.

Draw demand curve show shortage or surplus. ceiling or floor price?

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