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Starting with the market demand and supply functions QD 10,000-1,000P

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Starting with the market demand and supply functions QD=10,000-1,000P and QS=-2,000+1,000P, determine algebracically the new equilibrium price and quanitity if
(a)     the demand function changes to QD’=12,000-1,000P or to QD”=8000-1000P
(b)     or the market supply functions changes to market supply function changes to QS*=-4000+1000P or to QS**=1000P.
Submitted: 7 years ago.
Category: Homework
Expert:  abozer replied 7 years ago.

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