Demand Supply Functions 78B167
1. **Stating the problem:**
We have price points $P = 10000, 13000, 15000$ with corresponding demand (Permintaan) and supply (Penawaran) values:
- Demand: $25, 12, 6$
- Supply: $15, 18, 24$
We need to find:
- Linear and nonlinear (quadratic) functions for demand and supply.
- The equilibrium point where demand equals supply.
2. **Formulas and rules:**
- Linear function form: $Q = aP + b$
- Quadratic function form: $Q = aP^2 + bP + c$
- Equilibrium occurs when demand equals supply: $Q_d = Q_s$
3. **Finding linear demand function:**
Using points $(10000,25)$ and $(13000,12)$:
$$a = \frac{12 - 25}{13000 - 10000} = \frac{-13}{3000} = -\frac{13}{3000}$$
$$b = Q - aP = 25 - \left(-\frac{13}{3000}\right) \times 10000 = 25 + \frac{130000}{3000} = 25 + 43.3333 = 68.3333$$
So demand linear function:
$$Q_d = -\frac{13}{3000}P + 68.3333$$
4. **Finding linear supply function:**
Using points $(10000,15)$ and $(13000,18)$:
$$a = \frac{18 - 15}{13000 - 10000} = \frac{3}{3000} = \frac{1}{1000}$$
$$b = 15 - \frac{1}{1000} \times 10000 = 15 - 10 = 5$$
So supply linear function:
$$Q_s = \frac{1}{1000}P + 5$$
5. **Finding quadratic demand function:**
Using points $(10000,25)$, $(13000,12)$, $(15000,6)$, set system:
$$a(10000)^2 + b(10000) + c = 25$$
$$a(13000)^2 + b(13000) + c = 12$$
$$a(15000)^2 + b(15000) + c = 6$$
Solving this system (dividing by 1000 for simplicity):
$$a(100)^2 + b(100) + c = 25$$
$$a(130)^2 + b(130) + c = 12$$
$$a(150)^2 + b(150) + c = 6$$
Solving yields approximately:
$$a = 0.0225, b = -6.75, c = 700$$
So quadratic demand function:
$$Q_d = 0.0225P^2 - 6.75P + 700$$
6. **Finding quadratic supply function:**
Using points $(10000,15)$, $(13000,18)$, $(15000,24)$ similarly:
$$a(100)^2 + b(100) + c = 15$$
$$a(130)^2 + b(130) + c = 18$$
$$a(150)^2 + b(150) + c = 24$$
Solving yields approximately:
$$a = 0.0075, b = -1.35, c = 30$$
So quadratic supply function:
$$Q_s = 0.0075P^2 - 1.35P + 30$$
7. **Finding equilibrium point (linear):**
Set demand = supply:
$$-\frac{13}{3000}P + 68.3333 = \frac{1}{1000}P + 5$$
Multiply both sides by 3000:
$$-13P + 205000 = 3P + 15000$$
$$-13P - 3P = 15000 - 205000$$
$$-16P = -190000$$
$$P = \frac{190000}{16} = 11875$$
Substitute back to find quantity:
$$Q = \frac{1}{1000} \times 11875 + 5 = 11.875 + 5 = 16.875$$
8. **Finding equilibrium point (quadratic):**
Set quadratic demand = quadratic supply:
$$0.0225P^2 - 6.75P + 700 = 0.0075P^2 - 1.35P + 30$$
Simplify:
$$0.015P^2 - 5.4P + 670 = 0$$
Divide by 0.015:
$$P^2 - 360P + 44666.67 = 0$$
Use quadratic formula:
$$P = \frac{360 \pm \sqrt{360^2 - 4 \times 44666.67}}{2} = \frac{360 \pm \sqrt{129600 - 178666.68}}{2}$$
Discriminant is negative, so no real solution; no equilibrium in quadratic model.
**Final answers:**
- Linear demand: $Q_d = -\frac{13}{3000}P + 68.3333$
- Linear supply: $Q_s = \frac{1}{1000}P + 5$
- Linear equilibrium price: $P = 11875$, quantity: $Q = 16.875$
- Quadratic demand: $Q_d = 0.0225P^2 - 6.75P + 700$
- Quadratic supply: $Q_s = 0.0075P^2 - 1.35P + 30$
- No real equilibrium price in quadratic model.