Quantity of burgers demanded in equilibrium

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Reference no: EM139318

Q1. The Herbivores Society is selling mini BBQ vegetable burgers for $3.00 each. If each individual student has the flowing demand: P= 10-q, and there are 500 identical students, Illustrate what is the quantity of burgers demanded in equilibrium?

Q2. Based on the following information, answer the question below.
Year Average Price Quantity
1995 100 250
2005 125 400

Compute the real and nominal GDP values for the year 2005. Use 1995 as the base year.

Reference no: EM139318

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