Question 1- 20 marks

Using the general functional form for a linear demand curve, QD= a-bP, and the data in table 2 :

ABC TABLE 2 Q . Search in Document Home Insert Draw Design Layout References Mailings Review View Acrobat "+ Share Times New R... * 12 AaBbCcDdE AaBbCcDdE AaBbCcDc AaBbCcDdEe AaBb( AaBbCCDdEt 11 Paste B I U. abe X2 X2 AL . A. Normal No Spacing Heading 1 Heading 2 Title Subtitle Styles Create and Share Request Pane Adobe PDF Signatures TABLE 2 Books Purchased by Sandra Income Price $ $20000 $30000 $40000 10 2 books 5 books 8 books 6 9 12 10 13 16 14 17 20 18 21 24 22 25 28 Demand Demand Demand curve D3 curve D1 curve D2 Page 1 of 1 48 words OF English (United States) Focus E + 138%