February 23, 2017

Homework Help: finite

Posted by cjones on Sunday, April 29, 2012 at 3:47pm.

1. Alabama State University’s Bookstore has determined that the supply function for a certain author’s newest book is p = (1/300)q + 13. The demand function for this book is p = -.03q + 19. Graph both demand and supply functions on the same set of axes. What is the equilibrium quantity and equilibrium price?

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