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Solver Examples for Class

# Solver Examples for Class - 5000.69 Price coefficient...

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U(X,Y) = 6X + 9Y I = 600 P(Y) = 20 P(X) = 35 A B C D E F G 1 X Y Utility Function Income P(X) P(Y) Actual Expenses 2

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Qs = 1800 +240P Solve for supply and demand Qd = 3550 - 366P A B E F D C G H 1 Price Quantity Intercept 2 Supply 3 Demand New deman 5000 -900 -1 5000 Price coefficient Quantity Coefficient residual/e xcess
I A market equilbrium occurs where both H2 and H3 are zero

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Qs = 1800 +240P Solve for supply and demand Qd = 3550 - 366P A B E F D C G H 1 Price Quantity Intercept 2 \$3.46 2630.04 Supply 1800 240 -1 0 3 Demand 3550 -266 -1 0 New deman

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Unformatted text preview: 5000-900-1-742.69 Price coefficient Quantity Coefficient residual/e xcess I A market equilbrium occurs where both H2 and H3 are zero Qs = 1800 +240P Qd = 3550 - 366P A B E F D C G H 1 Intercept 2 ### ### Supply 1800 240-1 3 Demand 3550-266-1 New dem 5000-900-1-742.69 Pri ce Quan tity Price coeffic ient Quanti ty Coeffi cient residual/ex cess Equilibrium with new demand Page 7 2.29 2941.64...
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Solver Examples for Class - 5000.69 Price coefficient...

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