Professional Documents
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Computaion
Vida Narag-Banguibang
Changes in demand
Refer to the changes in the determinants of demand like
income and etc. The increase in population also increases
demand.
D2
D3 D1
Shifting of the demand curve to
the right means there is an
increase in demand while
shifting to the left means there is
a decrease in the demand.
Changes in Quantity Demanded
Refers to the change in price. The movement from one
point to another point is brought by the change in price.
This means that the demand curve does not change its
position rather it is the price.
So meaninf if a certain lollipop costs 20 pesos the consumer is not willing ot buy since
the demand is zero.
Qd= 200 – 10P
QD P
20
18
15
QD= 200-10P
40= 200-10P
40-200=-10P
-160= -10 P
Balance both sides od the equation by -10 to get P
-160/-10= -10/-10 P
16= P
Qd= 200 – 10P
QD P
(1) 20
(2) 18
(3) 15
40 (4)
100 (5)
16 is the price.
If you want to check it is correct just follow again the equation.
Qd= 200-10P
Qd= 200-10(16)
Qd= 200-160
Qd = 40 ( if you look on the table 40 is the given Qd, meaning you have a correct
price.)
You had the price by solving and not just trial and error.
Qd= 200 – 10P
QD P
(1) 20
(2) 18
(3) 15
40 (4)
100 (5) ?