EC 225 Mathemati cas fo Cconoice

Midsem= 3o

totolweu - Tot cl cogt.

Paot
Pustal demaut uy
Law o dumaud -

y=ma+c pasamelu ( aabituay otout )

Cls we
We Claiqu a ualue it
does mot choge
T= TR-Tc

dmoudad
Quanity
at cyullibwwm Suppose a= GP-1o

Te bypu o uatiens i
Besowieual tlike (Ba =So)
Tolutty
 Caoita
12a-
30
youy
3 in
Iuwtt
91=(6)-lo tu
aeu'ibeiw)
cleons
Maskot de
auhi
S=I
Paameteuctmn g),
qe=
3P
-a=5)
lo
-Qs=6P
Dudepedut Dyniti'ouel) (
61
qp=P=6 Ceustca on
3 quatiou
oflypes sti
auy -TC
TR
7=
S
(
Behawens oval
Dale inside
deteminud ty
Tdeurti ti
Salve: ees
eamdog Covdi
RNU

cuapty 3

AAate i veu
nodel,
Aet Definihion h a
of vales o tue
tmo lves 6inding a

londitiou o the moclol.

Which he
9iveu bunt
a pantiol at a
tie,
aceeut choy
e te..
input facto s
chonge

ibei wMauket oolel

PatHal
dteminatieuJ
e Thee
mauket.
ligle Comns
Couwjdu
tuyi vaiab les

0) qty demouded
guppleg
(a)
(3) Peuica wel

Kw o Suupply, M ay ked eleq auy,

heww of d wnod,
Cinear bumetion

puice Lineo fnchiu

uswt ty Suppiu is
an inc
seocing
3) The Maskot Cleas mocus In the ma kot seny i
 Cul the huies cealy
No quam ty is Auppd
pas,tfeular bosiHve lwel.

a2
37
tummells puie ewel eety a pasli culr

3)

by e b

bjb bitbz

lectue 3
Qd= a-bP

ad-be
ebtd

demamd cuve Lews wlingnes to buy

CUve
 ld

(ues: whad ceill happeu ih b+d =o??,

euno micaly

ela
that a quoduatie dmaul hmcien
nodal iyupt the demand
BAdne the and
demand upply
Juppy
Gemera! foem o, t e modl
ato

PA

He
Re laeingNomal aoode,

demand cuve f6 a hye

e Cm
talloaing 4ocaag to
polynomil.
he
roots oh
 a=-c

P= - (Cd-a) =r(gd+c)

anmpieyi

cotts CMultiple Dnpete.

&- gred Me del > Cuee.

Lineor dlemomd omd uppy
Asse

asmpton
Qa, = Puie ome cemmodity
belowiouk ,= bo + by? + b2 P2 OBbe cts
Hhothea.

dele
le = do t diPi+
 (ao- bo) +
( o=

(o =

-do

cfr tto-)
 Case

Aw

fumctiomal incependnu
Censistunbny
annitut