Question: QUESTION ONE [10 marks] The demand function for a product is quadratic in nature. Three points, which lie on the function, are (10, 3800), (30,

QUESTION ONE [10 marks] The demand function for a product is

QUESTION ONE [10 marks] The demand function for a product is quadratic in nature. Three points, which lie on the function, are (10, 3800), (30, 1000) and (15, 2800). (i) Determine the equation for the demand function (ii) Compute the quantity demanded at a market price of Ksh 20? (a) (3 Marks) (2 Marks)

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