Question #233230

Specifically the price of tickets between Lusaka and Livingston’s increased from 200 kwacha to 250 kwacha . The demand equation is Qd =200-5p. Calculate the old price quantity demanded and the new price quantity demanded level


1
Expert's answer
2021-09-07T08:04:01-0400

Qd=200−5(200)Qd = 200 - 5( 200)


=200−1000=−800= 200-1000 =- 800

NewQd=200−250(5)New Qd = 200-250(5)

=200−1250=1050= 200-1250 = 1050


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