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DSC1520 - MAY/JUNE 2017 SOLUTIONS

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Institution: University of South Africa (Unisa)
Course: DSC1520 - Quantitative Modelling I (DSC1520)

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Uploaded on: November 28, 2018
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dsc1520 mayjune 2017 solutions

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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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