The quantity of goods supplied by a firm at different price points is given in the table below. Find the correlation coefficeint between price and quantity supplied.
Price (X)Quantity (Y)620825103016352040
The demand for a good at different price points is given in the below. Find the correlation coefficeint between price and quantity demanded.
Price (P)Quantity (Q)1012020105308540555040
The following table contains the quantity of goods supplied by a firm at different prices. Use interpolation to find what quantity of goods would the firm supply at a price of Rs 85. Price (X) Quantity (Y)251950327539100481256315068
At a price of Rs 100, the quantity of a good supplied by a firm is 5000. Which of these can be the quantity supplied when the price is Rs 200, assuming diminishing returns?
Consider the following demand and supply functions for a good.
Quantity demanded = 160 - 2p
Quantity supplied = - 40 + 2p
(i) Calculate the equilibrium price and quantity.
(ii) Find out a price at which there is excess demand.
(iii) Find out a price at which there is excess supply.