Linear Function Week 2- 3.

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Presentation transcript:

Linear Function Week 2- 3

Objectives:

Graphical solution

Test Your Self

Substitution

Tax

Subsidy A per unit subsidy s is imposed by the government in a competitive market with the demand function P= 15-Q and supply function P= 3 + 0,5 Q and s = RP. 1,5 per unit Find the value of P and Q before and after subsidy

Find the value of P and Q before and after Tax Exercise 1 A per unit tax t is imposed by the government in a competitive market with the demand function P= 15-Q and supply function P= 3 + 0,5 Q and t = RP. 3 per unit Find the value of P and Q before and after Tax 2