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Question: ormulas data review view power pivot tell me what you...

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ormulas Data Review View Power Pivot Tell me what you want to do xf. Suppose - $10,000 and p $0.25; what would be the market demand for potatoes? Problem 32 (10 points total) The market demand curve for potatoes is given by Q 1000 +0.31-300P+299p Where Q Annual demand in points Average income in dollars per year. Price of potatoes in cents per pound -Price of rive in cents per pound. 13 14 15 16 17 18 19 Suppose F $10,000 and p $0.25, what would be the market demand for potatoes? At what price would Q O?, Graph this demand curve. b.Suppose I rose to $20,000 with p staying at $0.25. now what would the demand for potatoes be? At what price would Q 0? Graph this demand curve. Explain whey more potatoes are demanded at every price in this case that in part a. 20 21 If I returns to $10,000 but p falls to $0.10, what would the demand for potatoes be? At what 23 24 25 price would Q 0? Graph this demand curve. Explain why fewer potatoes are demanded at every price in this case than in part a. 27 28 29 30 31 32
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