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  • Juan - Angela Marie - BSMA1-3 PDF

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    The document contains two market examples with supply and demand curves. For the first market: 1) A market schedule is created using the given demand and supply functions and equilibrium is found. 2) The demand decreases by 5 units and the new equilibrium is calculated and shown on the schedule and graph. For the second market: 3) A similar analysis is done with a market schedule created using different demand and supply functions. 4) The demand increases by 5 units and the new equilibrium is again calculated, shown, and graphed.

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    The document contains two market examples with supply and demand curves. For the first market: 1) A market schedule is created using the given demand and supply functions and equilibrium is found. 2) The demand decreases by 5 units and the new equilibrium is calculated and shown on the schedule and graph. For the second market: 3) A similar analysis is done with a market schedule created using different demand and supply functions. 4) The demand increases by 5 units and the new equilibrium is again calculated, shown, and graphed.

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    21 views8 pages

    Juan - Angela Marie - BSMA1-3 PDF

    Uploaded by

    Anj Hwan
    The document contains two market examples with supply and demand curves. For the first market: 1) A market schedule is created using the given demand and supply functions and equilibrium is found. 2) The demand decreases by 5 units and the new equilibrium is calculated and shown on the schedule and graph. For the second market: 3) A similar analysis is done with a market schedule created using different demand and supply functions. 4) The demand increases by 5 units and the new equilibrium is again calculated, shown, and graphed.

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    © All Rights Reserved
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    of 8

    Juan, Angela Marie C.

    BSMA 1-3

    I. Given: 𝑄𝑑1 = 100 − 10𝑝


    𝑄𝑠1 = 20 + 10𝑝
    a. Make a market schedule using the given Quantity Demand function and Quantity Supplied
    Function above. Show your solution.

    Solution:
    b. Using the 𝑄𝑑1 𝑎𝑛𝑑 𝑄𝑠1 function, solve for the market equilibrium (price equilibrium and
    quantity equilibrium)

    c. Construct a graph using the market schedule.


    Market: Demand Curve and Supply Curve
    d. If demand decreases by 5, what is the value for the new market equilibrium (price equilibrium and quantity
    equilibrium).
    New Market Equilibrium

    ∗ 𝑄𝑑2 = (100 − 5) − 10𝑝


    = 95 − 10𝑝

    e. Using problem D, show the decrease in demand in the market schedule denoted as 𝑄𝑑2 .

    *Market Schedule including 𝑸𝒅𝟏, 𝑸𝒔𝟏, and 𝑸𝒅𝟐 is presented on the first page.
    f. Using problem d, construct the new demand curve. Plot the new demand curve in the same
    graph.

    *The graph is presented on the second page.

    II. Given: 𝑄𝑑1 = 50 − 5𝑝


    𝑄𝑠1 = 5 + 5𝑝

    a. Make a market schedule using the given Quantity Demand function and Quantity Supplied
    Function above. Show your solution.
    *Solution:

    b. Using the 𝑄𝑑1 𝑎𝑛𝑑 𝑄𝑠1 function, solve for the market equilibrium (price equilibrium and
    quantity equilibrium)
    c. Construct a graph using the market schedule.

    Market: Demand Curve and Supply Curve


    d. If demand increases by 5, what is the value for the new market equilibrium (price equilibrium and quantity
    equilibrium).

    e. Using problem D, show the increase in demand in the market schedule denoted as 𝑄𝑑2 .

    *Market Schedule including 𝑸𝒅𝟏, 𝑸𝒔𝟏, and 𝑸𝒅𝟐 is presented on the 4th page.
    f. Using problem d, construct the new demand curve. Plot the new demand curve in the same
    graph.

    *The graph is presented on the 6th page.

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