Posted by **Eric** on Monday, October 8, 2007 at 3:01pm.

The following relations describe the supply and demand for posters.

Qd = 65,000 – 10,000 P

Qs = -35,000 + 15,000P

Where Q is the quantity and P is the price of a poster, in dollars.

a. Complete the following table.

Price Qs Qd Surplus or Shortage

$6.00

5.00

4.00

3.00

2.00

1.00

b. What is the equilibrium price?

## Answer This Question

## Related Questions

- ECONOMICS - The following relations describe the supply and demand for posters. ...
- ecomonics - I am trying to understand the math part of supply and demand . I am ...
- Economics - Annual demand and supply for the Entronics company is given by: QD...
- Math - For the pair of supply-and-demand equations, where x represents the ...
- Math Help - For the pair of supply-and-demand equations, where x represents the ...
- Math - For the pair of supply-and-demand equations, where x represents the ...
- Microeconomics - Am I calculating the Marginal Revenue when you get the quantity...
- Managerial Economics - Given the demand & supply Function for product 'x' at ...
- Please explain (Math) - The demand equation for a certain brand of GPS Navigator...
- Math Please Help - The demand equation for a certain brand of GPS Navigator is x...

More Related Questions