QUANTITATIVE MODELLING (DSC1520)
MAY/JUNE 2017
OPTION 4
Point A is the intercept for the demand function since the demand function slopes downwards.
Using the demand function when Q = 0
P = 952 + 8(0) = 952
Point B is the intercept for the supply function:
P = 400 + 4(0) = 400
Point C use the demand function when P = 0
0 = 952 -8Q Q = 119
OPTION 2
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MAY/JUNE 2017
OPTION 4
Point A is the intercept for the demand function since the demand function slopes downwards.
Using the demand function when Q = 0
P = 952 + 8(0) = 952
Point B is the intercept for the supply function:
P = 400 + 4(0) = 400
Point C use the demand function when P = 0
0 = 952 -8Q Q = 119
OPTION 2
Page 1 of 24
