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May 27, 2015

Homework Help: Finite

Posted by rich on Tuesday, April 2, 2013 at 5:35pm.

The quantity demanded each month of Russo Espresso Makers is 250 when the unit price is $136. The quantity demanded each month is 1000 when the unit price is $106. The suppliers will market 750 espresso makers when the unit price is $72 or higher. At a unit price of $92, they are willing to market 2250 units. Both the supply and demand equations are known to be linear. Find the equilibrium quantity and the equilibrium price.

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