demand98 - 05/07/2009 03:12:09 DEMAND DEMNEW DEMBASE...

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Unformatted text preview: 05/07/2009 03:12:09 DEMAND DEMNEW DEMBASE CURPRICE MPBLINE MSCLINE 100 464.01 464.01 200 300 198.63 120.92 198.63 120.92 400 85.03 85.03 500 64.7 64.7 600 51.76 51.76 700 42.86 42.86 800 36.4 36.4 900 31.51 31.51 1000 27.7 27.7 1100 24.65 24.65 1200 22.16 22.16 1300 20.09 20.09 1400 18.35 18.35 1500 16.86 16.86 1600 15.58 15.58 1700 14.47 14.47 1800 13.49 13.49 1900 12.63 12.63 2000 11.86 11.86 2100 11.17 11.17 2200 10.55 10.55 2300 9.99 9.99 2400 9.49 9.49 2500 9.02 9.02 2600 8.6 8.6 2700 8.21 8.21 2800 7.85 7.85 2900 7.52 7.52 3000 7.22 7.22 3100 6.93 6.93 3200 6.67 6.67 3300 6.42 6.42 3400 6.19 6.19 3500 5.98 5.98 3600 5.77 5.77 3700 5.58 5.58 3800 5.4 5.4 3900 5.24 5.24 4000 5.08 5.08 4100 4.92 4.92 4200 4.78 4.78 4300 4.65 4.65 4400 4.52 4.52 4500 4.39 4.39 4600 4.28 4.28 4700 4.17 4.17 4800 4.06 4.06 4900 3.96 3.96 5000 3.86 3.86 5100 3.77 3.77 5200 3.68 3.68 5300 3.6 3.6 5400 3.52 3.52 5500 3.44 3.44 5600 3.36 3.36 5700 3.29 3.29 5800 3.22 3.22 5900 3.15 3.15 6000 3.09 3.09 6100 3.03 3.03 6200 2.97 2.97 6300 2.91 2.91 6400 2.86 2.86 6500 2.8 2.8 6600 2.75 2.75 6700 2.7 2.7 6800 2.65 2.65 6900 2.6 2.6 7000 2.56 2.56 7100 2.51 2.51 7200 2.47 2.47 7300 2.43 2.43 7400 2.39 2.39 30 -- CURRENT 25 20 15 10 5 0 0 2 000 4 000 6 000 8 000 1 0000 -- BASELINE CURRENT VALUES Price of spaghetti $15.00 Price of tacos $6.00 Price of wine $20.00 Income $20,000 Spaghetti demand 1,650 BASELINE VALUES Price of tacos $6.00 Price of wine $20.00 Income $20,000 Spaghetti demand 1,650 05/07/2009 03:12:10 DEMAND 7500 2.35 2.35 7600 2.31 2.31 7700 2.28 2.28 7800 2.24 2.24 7900 2.21 2.21 8000 2.17 2.17 8100 2.14 2.14 0 15 1,650 15 1,650 0 05/07/2009 ANSWER SHEET 03:12:10 Question 1 2 3 4 5 6 7 8 9 10 11 12 DEMAND ANSWERS Answer Name: Student Num.: 05/07/2009 ANSWER SHEET 03:12:10 ANSWER BIN change in demand change in quantity demanded complements decrease elastic excess demand excess supply income increase inelastic inferior normal ownprice price of labor price of sauce price of tacos price of wine substitutes Page 5 ...
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demand98 - 05/07/2009 03:12:09 DEMAND DEMNEW DEMBASE...

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