Name: Jastine Anne DC.

Yumul
Course and Section: BSCPE 3-2

DEMAND, SUPPLY, AND EQUILIBRIUM

Price Qd Q
s
A B C D E A B C D E
575 -3382 -3434 -1140 -74000 -1665 5783 6931 12134 109450 2390
750 -4432 -4484 -1490 -96750 -2190 7533 9031 15809 142700 3090
1045 -6202 -6254 -2080 -135100 -3075 10483 12571 22004 198750 4270
150 -832 -884 -290 -18750 -390 1533 1831 3209 28700 690
345 -2002 -2054 -680 -44100 -975 3483 4171 7304 65750 1470

1. Solve for Qd and Qs using the following

schedule:
A. Qs = 33+10P

Qs = 33+10P Qs = 33+10P Qs = 33+10P Qs = 33+10P Qs = 33+10P

33 + 10(575) 33 + 10(750) 33 + 10(1045) 33 + 10(150) 33 + 10(345)
33 + 5750 33 + 7500 33 + 10450 33 + 1500 33 + 3450
Qs = 5783 Qs = 7533 Qs = 10483 Qs = 1533 Qs = 3483

Qd = 68-6P

Qd = 68 -6P Qd = 68 -6P Qd = 68 -6P Qd = 68 -6P Qd = 68 -6P

68 -6(575) 68 -6(750) 68 -6(1045) 68 -6(150) 68 -6(345)
68 - 3450 68 - 4500) 68 - 6270 68 - 900 68 - 2070
Qs = -3382 Qs = -4432 Qs = -6202 Qs = -832 Qs = -2002

B. Qs = 31+12P

Qs = 31+12P Qs = 31+12P Qs = 31+12P Qs = 31+12P Qs = 31+12P

31 + 12(575) 31 + 12(750) 31 + 12(1045) 31 + 12(150) 31 + 12(345)
31 + 6900 31 + 9000 31 + 12540 31 + 1800 31 + 4140
Qs = 6931 Qs = 9031 Qs = 12571 Qs = 1831 Qs = 4171
 Qd = 16-6P

Qd = 16 -6P Qd = 16 -6P Qd = 16 -6P Qd = 16 -6P Qd = 16 -6P

16 -6(575) 16 -6(750) 16 -6(1045) 16 -6(150) 16 -6(345)
16 - 3450 16 - 4500 16 - 6270 16 - 900 16 - 2070
Qs = -3434 Qs = -4484 Qs = -6254 Qs = -884 Qs = -2054

C. Qs = 59+21P

Qs = 59+21P Qs = 59+21P Qs = 59+21P Qs = 59+21P Qs = 59+21P

59 + 21(575) 59 + 21(750) 59 + 21(1045) 59 + 21(150) 59 + 21(345)
59 + 12075 59 + 15750 59 + 21945 59 + 3150 59 + 7245
Qs = 12134 Qs = 15809 Qs = 22004 Qs = 3209 Qs = 7304

Qd= 10-2P

Qd = 10 -2P Qd = 10 -2P Qd = 10 -2P Qd = 10 -2P Qd = 10 -2P

10 -2(575) 10 -2(750) 10 -2(1045) 10 -2(150) 10 -2(345)
10 - 1150 10 - 1500 10 - 2090 10 - 300 10 - 690
Qs = -1140 Qs = -1490 Qs = -2080 Qs = -290 Qs = -680

D. Qs = 200+190P

Qs = 200+190P Qs = 200+190P Qs = 200+190P Qs = 200+190P Qs = 200+190P

200 + 190(575) 200 + 190(750) 200 + 190(1045) 200 + 190(150) 200 + 190(345)
200 + 109250 200 + 142500 200 + 198550 200 + 28500 200 + 65550
Qs = 109450 Qs = 142700 Qs = 198750 Qs = 28700 Qs = 65750

Qd = 750-130P

Qd = 750 -130P Qd = 750 -130P Qd = 750 -130P Qd = 750 -130P Qd = 750 -130P
750 -130(575) 750 -130(750) 750 -130(1045) 750 -130(150) 750 -130(345)
750 - 74750 750 - 97500 750 - 135850 750 - 19500 750 - 44850
Qs = -74000 Qs = -96750 Qs = -135100 Qs = -18750 Qs = -44100
 E. Qs = 90+4P

Qs = 90+4P Qs = 90+4P Qs = 90+4P Qs = 90+4P Qs = 90+4P

90 + 4(575) 90 + 4(750) 90 + 4(1045) 90 + 4(150) 90 + 4(345)
90 + 2300 90 + 3000 90 + 4180 90 + 600 90 + 1380
Qs =2390 Qs = 3090 Qs = 4270 Qs = 690 Qs = 1470

Qd = 60-3P

Qd = 60 -3P Qd = 60 -3P Qd = 60 -3P Qd = 60 -3P Qd = 60 -3P

60 - 3(575) 60 - 3(750) 60 - 3(1045) 60 - 3(150) 60 - 3(345)
60 - 1725 60 - 2250 60 - 3135 60 - 450 60 - 1035
Qs = -1665 Qs = -2190 Qs = -3075 Qs = -390 Qs = -975

2. Solve for the Equilibrium Price of each Demand and Supply Function
(input your answers also in this file with complete solution).
Equilibrium = Qd = Qs

A. Qs = 33+10P, Qd = 68-6P
68 – 6P = 33 + 10P
68 – 33 = 10P + 6P
35 = 16P
35/16 = 16P/16
= 2.1875P

B. Qs = 31+12P, Qd = 16-6P
16 – 6P = 31 + 12P
16 – 31 = 12P + 6P
-15 = 18P
-15/18 = 18P/18
= -0.83P

C. Qs = 59+21P, Qd= 10-2P

10 – 2P = 59 + 21P
10 – 59 = 21P + 2P
-49 = 23P
-49/23 = 23P/23
 = -2.1304P

D. Qs = 200+190P, Qd = 750 – 130P

750 – 130P = 200 + 190P
750 – 200 = 190P + 130P
550 = 320P
550/320 = 320P/320
= 1.71875P

E. Qs = 90+4P, Qd = 60 – 3P
60 – 3P = 90 + 4P
60 – 90 = 4P + 3P
-30 = 7P
-30/7 = 7P/7
= -4.2857P