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Given that demand function is Q(d) = 1...

Given that demand function is
`Q_(d) = 100-5P`
(i) Calculate demand at price of Rs. 4
(ii) Calculate demand at price of Rs. 6

Text Solution

Verified by Experts

(i) `Q_(d) = 100-5P`
When P = Rs. 4
`Q_(d) = 100-5xx4`
`100-20 = 80` units
(ii) When P = Rs. 6
`Q_(d) = 100-5xx6`
`100-30=70` units
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