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Applied Economics
Final Examination
October 19-20, 2017
Name:_______________________________ Score:__________________
Grade & Section:______________________ _ Date: __________________
Test I. DIRECTIONS. Identify what is asked in each item. Write the letter of your answer on the
space provided before the number.
Test V. DIRECTIONS. Using the following demand and supply functions, solve for the demand and
supply schedule at a given prices, identify the equilibrium price and put it in a graph. (10 points)
Qd=60 – P/2 Qs= 5 + 5P GRAPH
Prices Qd Qs
₱0
2
4
6
8
10
12
14
16