Sunday
September 21, 2014

Homework Help: college finite math

Posted by Dee on Sunday, January 19, 2014 at 7:36pm.

The quantity demanded x each month of Russo Espresso Makers is 250 when the unit price p is $180; the quantity demanded each month is 1000 when the unit price is $150. The suppliers will market 750 espresso makers if the unit price is $80. At a unit price of $90, they are willing to market 1500 units. Both the demand and supply equations are known to be linear.
(a) Find the demand equation.
p = ____

(b) Find the supply equation.
p = ____

(c) Find the equilibrium quantity and the equilibrium price.
equilibrium quantity _____ units
equilibrium price $ _______

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Finite - The quantity demanded each month of Russo Espresso Makers is 250 when ...
Finite Matematics - The quantity demanded x each month of Russo Espresso Makers ...
college math HELP!!!!! - The quantity demanded x each month of Russo Espresso ...
Finite Math - The quantity demanded each month of russo Espresso Makers is 250 ...
Math - The quantity demanded each month of Russo Expresso Makers is 250 when the...
math HELP!! - The quantity demanded x each month of Russo Espresso Makers is 250...
Math - The quantity demanded each month of russo Espresso Makers is 250 when ...
Calculus - The demand function for the Luminar desk lamp is given by the ...
Economics - As price falls along the elastic portion of a linear demand curve, ...
math - The quantity demanded each month of the Walter Serkin recording of ...

Search
Members