VWO 3 4.2 deel 1

• Economie
• Middelbare school

What is demand?

The demand equation for cars is:
Qv = -5P + 100.000
What is the salesprice when the demand is 5.000 cars

1. 10
2. 20
3. 19
4. 15

Cars and fuel are an example of:

1. Subsitution goods
2. Complementary goods

Ilse has more income

Daan gets fired

The price of books increases

The new levies jeans becomes more populair

Student Aims

- At the end of the class I can explain that the willingness to supply differs at different prices.

- At the end of the class I can draw a supply curve and form a supply formula.

- At the end of the class I can explain which factors influence the supply. 

1. Demand curve willingness to ....
2. supply curve willingness to ....

supply curve

Qa = 0,5P - 50 for N.E.C. season tickets
When the price is €150
What is the supplied quantity?

1. 15
2. 20
3. 30
4. 25

Qv = 0.3p - 24

The cause is on the y axis (changing price)

 

The result is on the x axis (demanded quantity)

Qa = 0.3P -24

labor costs are more expensive

The new machine produces cheaper

the oils prices decreases

The store changes the product price

Homework

Questions: 23, 24 and 25