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Thread: ECO401 asisngnment no 1 idea solution 12 April spring 2011

  1. #1
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    Icon14 ECO401 asisngnment no 1 idea solution 12 April spring 2011

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    Assignment No.01 Marks: 20
    Question:
    Suppose the market demand and market supply for Levis jeans is given by the
    following equations:
    Qd = 5000 – 2.5P
    Qs = 4000 + 1.5P
    A. Find quantity demanded when price is Rs. 250, Rs. 450 and Rs. 650.
    B. Find quantity supplied when price is Rs. 200, Rs. 400 and Rs. 600.
    C. Find equilibrium price and equilibrium quantity with the help of above
    equations.
    D. Show the equilibrium condition in Levis jeans market graphically.
    Marks: A=3(1 for each value), B=3(1 for each value), C=8(4 for each value), D=6


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    Icon2 ECO 401 assignment idea solution 2011

    ECO 401 assignment idea solution 2011

    solution are on attachment
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    thank you very much

  4. #4
    Is this assimnet is right 100 % ?

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    thanks brother

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  7. #7
    There is another point in question.... Draw equilibrium condition in Levis jeans market by yourself
    How to draw graph??

  8. #8
    Thanks for solution.

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    Icon51 eco401 assigment solution 2011 with graph solution

    full solution
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