equations…

equations….

Starting with the estimated demand function for Chevrolets given in Problem 2, assume that the average value of the independent variables changes to N = 225 million, I = $ 12,000, P F = $ 10,000, P G = 100 cents, A = $ 250,000, and P I = 0 ( i. e., the incentives are phased out). ( a) Find the equation of the new demand curve for Chevrolets. ( b) Plot this new demand curve, D’ C , and, on the same graph, plot the demand curve for Chevrolets, D C , found in Problem 2( d).

equations…

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