Wednesday

August 27, 2014

August 27, 2014

Posted by **Shawna** on Tuesday, March 18, 2014 at 9:46am.

Supply: y = x^2 − x + 0.5

Demand: y = x^2 − 1.6

The two graphs intersect at the point (2.1, 2.8), which is the market equilibrium for the business. Which statement is true?

A) The market will be in equilibrium when the price of each toy car is $2.10.

B) The market will be in equilibrium when 2,800 toy cars are sold.

C) The market will be in equilibrium when 2,100 toy cars are sold.

D) The market will be in equilibrium when 2,450 toy cars are sold and the price of each toy car is $2.10.

E) The market will be in equilibrium when 7.37 toy cars are sold and the price of each toy car is $2.12.

**Related Questions**

economics - Suppose the supply and demand for milk is described by the following...

Math - The demand and supply equations for a certain item are given by D = -5p...

math - i also need help with this one: Supply and Demand let the supply and ...

math - The sunshine bakery sells pies at a fixed price o p dollars per pie. The ...

economics - 1. Suppose that the market of laptops is given by following supply ...

statistics - 20. Supply and Demand Let the supply and demand functions for ...

Calculus/Algebra - Let the demand and supply functions be represented by p=D(q) ...

economics - Given the business situation of Mrs. Acres Homemade Pies (p. 30) and...

economics - Given the business situation of Mrs. Acres Homemade Pies (p. 30) and...

Math help - Fimd the market price and demand for the pair of supply and demand ...