Problems | Economics homework help
Problems 3. (a) Starting with the estimated demand function for Chevrolets given in problem 2, assume that the average value of the independent variables changes to N=225 million, I=$12,000, PF=$10,000, PG=100cents, A=$250,000, and PI=0 (i.e., the incentives are phased out). Find the equation of the new demand curve for Chevrolets. * Revised 3(b): If Pc is $10,000, find the value of Qc. Function from Problem […]
