Can someone help me with this problem? I have attempted to answer Question A and would like for someone to tell me if I have answered it correctly. Part B of the question is asking for a graph and I can not get this to graph correctly. Part C and D is aking questions related to the graph. If someone can show me or assist me in solving these problems, I will greatly appreciate it.
I have attached an EXCEL spreadsheet that has my calculations for the new QS and QD using the given prices of 10,20,30,40,50,60,70,80,90 but I am not sure if it is correct. The graph will be created using the new numbers of QS and QD.© BrainMass Inc. brainmass.com October 10, 2019, 12:34 am ad1c9bdddf
The expert determines the market equilibrium price/output combination. A complete, neat and step-by-step solution is provided in the attached Excel file.