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DSC1520 - MAY/JUNE 2017 SOLUTIONS

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Course DSC1520 - Quantitative Modelling I (DSC1520)
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DSC1520 - MAY/JUNE 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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