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03.03.2023 19:19
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UIC estimates that the in-state student demand for undergraduate education is Q

UIC estimates that the in-state student demand for undergraduate education is Q subscript i n minus s t a t e end subscript equals 10 comma 000 space minus space 2 P , and out-of-state student demand is Q subscript o u t minus o f minus s t a t e end subscript equals 30 comma 000 space minus space P . The total market demand facing UIC will be a:

A. Straight line with a slope of -1.5

B. Straight line with a slope of -1.0

C. Kinked line with the kink at Q=5,000

D. Kinked line with the kink at P=5,000
Show Answers
howto
howto
4,7(60 marks)

C. Kinked line with the kink at Q=5,000

Explanation:

After plotting graph between P and Q there is kink at Q=5000 and P=25,000

loridoz
loridoz
4,6(20 marks)

i will be your firend

Explanation:

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