Economic a. Q = A + B.P + C.Pᵪ + D.Ad + E.I Where, A = 807.91 B = -5.03 C = 4.86 D = 0.33 E = 0.01Q = 807.91 – 5.03P + 4.86Pᵪ + 0.33A + 0.01Ib. 1. Price variable (P) is all other things being equal – increase of $1.00 in product price will decreased demand by 5.03 cases. 2..
Ecn 3100 – Principle of Economics [pic 1]ECN 3100 PRINCIPLES OF ECONOMICSASSIGNMENT 1NAME：ZHANG ZHEMATRIC NO.：181186Name: ZHANG ZHEMatric No.: 181186Subject: Principles of Economics ECN (3100)Question AA change in demand shows how non-price variables cause a shift (change in) of demand to a new demand function or curve; whereas, a change in quantity demanded depends only on.
