Answer to Question #200585 in Microeconomics for Syed Usman Hikmat

Question

Q2) From the demand function 𝑄𝑑𝑥 = 24 − 4 𝑃𝑥 (Px is given in dollars), derive;

(a) the individual’s demand schedule and

(b) the individual’s demand curve?

Answer 1

(a)

Demand Schedule

(b)Demand curve