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April 20, 2014

Homework Help: Finite Math

Posted by Terri on Monday, April 9, 2012 at 1:44pm.

The quantity demanded each month of russo Espresso Makers is 250 when the unit price is $140; the quantity demanded each month is 1000 when th e unit price is $110. the suppliers will market 750 expresso makers if the unit price is $60 or higher. At a unit price of $80 they are willing to market 2250 units Both the demand and supply equations are known to be liniear.
A: Find the demand equation.
B: Find the supply equation.
c. find the equilibrium quantity and the equilibrium price.

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