@ SECTION D (40 marks) DATA RESPONSE QUESTIONS Answer any two (2) questions only. Question 1 ‘The function below shows the quantity demanded and supplied to orange at ABJ Agro Farm. Qd = 200-10P Qs=-50+15P P is the price (RM) Qs is quantity supplied (kg) (Qdis quantity demanded (kg) Price | Quantity Demanded | Quantity Supplied (RM) (Ka) (Kg) 4 Wo, To 6 140 Cy 8 Tao) 0 10 10 100 2 0 0 4 Cy 160. 16 wo 140 18 % 390) (2) Based on the function given, complete the above table. {4 marks) (b) Based on question (a), plot the demand curve and supply curve for orange on a graph paper. [6 marks] ()__ Referring to the curve plotted for question (b), what Is the equilibrium of price and equilibrium of quantity? Then label the equilibrium point at the graph as point el. 1B marks] (@ Based on the research, orange can Increase our depression. As a result the quantity demanded of orange decrease by 30% at every price level. |. Calculate the new quantity demanded on a schedule. [2 marks] iL. Intthe’same graph paper in question (b), plot the new demand curve to show the change that occurred. [2 marks] Ii, What Is the new equilibrium of price and equilibrium of quantity? Then, label the new equilibrium point as point e2 on the graph paper. [3 marks) [TOTAL: 20 Marks] Scanned with CamScanner