ECO401 asisngnment no 1 idea solution 12 April spring 2011

[Xpert]

Assignment No.01 Marks: 20
Question:
Suppose the market demand and market supply for Levis jeans is given by the
following equations:
Qd = 5000 – 2.5P
Qs = 4000 + 1.5P
A. Find quantity demanded when price is Rs. 250, Rs. 450 and Rs. 650.
B. Find quantity supplied when price is Rs. 200, Rs. 400 and Rs. 600.
C. Find equilibrium price and equilibrium quantity with the help of above
equations.
D. Show the equilibrium condition in Levis jeans market graphically.
Marks: A=3(1 for each value), B=3(1 for each value), C=8(4 for each value), D=6

[Vuhelper]

ECO 401 assignment idea solution 2011

solution are on attachment

[namoos]

thank you very much

[muhammad irfan]

Is this assimnet is right 100 % ?

[roseumair]

thanks brother

[Xpert]

you are welcome dear.

[ladak]

There is another point in question.... Draw equilibrium condition in Levis jeans market by yourself
How to draw graph??

[ladak]

Thanks for solution.

[Vuhelper]

full solution