Question: Using the following demand function, solve for the demand schedule of consumer, given with the following prices for bottle drinks. Demand Function : Qd =

  1. Using the following demand function, solve for the demand schedule of consumer, given with the following prices for bottle drinks. Demand Function : Qd = 60 - P/2
  2. Solve for the supply schedule. Supply Function Qs: 5 + 5P
  3. Provide a demand curve and a supply curve for #1 AND #2.
  4. Identify the equilibrium price and quantity and provide a Market Demand and Supply Curve

Equilibrium Price: ______________

Equilibrium Quantity: __________

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