Soru
The demand equation for the T1-83 graphing calculator is x+6p-702=0 where is the quantity demanded per week and p is the wholesale unit price in dollars. The supply equation is x-20p+910=0 wherez is the quantity the supplier will make available in the market each week when the wholesale price is p dollars each Find the equilibrium quantity and the equilibrium price for the calculators. Equilbrum quantity= Equilbrium price=
Çözüm
4.1
(263 Oylar)
Veysel
Profesyonel · 6 yıl öğretmeni
Uzman doğrulaması
Cevap
To find the equilibrium quantity and price, we need to set the demand equation equal to the supply equation and solve for the variables.Demand equation:
Supply equation:
Setting the demand equation equal to the supply equation:
Simplifying the equation:
Now, substitute the value of p into either the demand or supply equation to find the equilibrium quantity.Using the demand equation:
Therefore, the equilibrium quantity is 330 calculators per week, and the equilibrium price is
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