# statistics

posted by .

20. Supply and Demand Let the supply and demand functions
for butter pecan ice cream be given by
p=s (q) = 2/5q and p= d (q) = 100 – 2/5 q
where p is the price in dollars and q is the number of 10-
gallon tubs.

a. Graph these on the same axes.

b. Find the equilibrium quantity and the equilibrium
price.

## Similar Questions

1. ### math

i also need help with this one: Supply and Demand let the supply and demand functions for butter pecan cream be given by. P= s(q)= (2)/(5)q and p = D(q) = 81- (3)/(4)q where p is the price in dollars and q is the number of batches. …
2. ### Basic: Demand and Supply

Question: Can you please check whether or not my answer is correct?
3. ### Economics: Demand and Supply

Suppose the market for ice cream is deregulated. That is, ice cream are free to adjust based on the forces of demand and supply. If a shortage exists in the ice cream market, then the current price must be _______ than the equilibrium …
4. ### ecomonics

I am trying to understand the math part of supply and demand . I am not getting it,I really need help! The question is: The demand and supply functions for sweatshirts are as follows: DEMAND Supply Quanity Quanity demanded(per period) …
5. ### algebra

Supply and demand. The supply and demand for the sale of stereos by Sound Ideas are given by S(x) = ex and D(x) = 162,755e−x, where S(x) is the price at which the company is willing to supply x stereos and D(x) is the demand …
6. ### Supply and Demand

50) the monthly demand and supply functions for the Luminar desk lamp are given by p=d(x)= -1.1x^2 + 1.5x + 40 p= s(x)= 0.1x^2 + 0.5x + 15 respectively, where p is measured in dollars and x in units of a thousand. Find the equilibrium …
7. ### finance

Entrepreneur Edward is planning to open a business selling ice cream. He knows that the price of ice cream is determined by the forces of supply and demand, but he wants a report outlining five specific events that can be expected …
8. ### economics

entrepreneur edward is planning to open a business selling ice cream. he knows that the price of ice cream is determined by the forces of supply and demand but wants a report outlining five specific events that can be expected to cause …
9. ### economics

1. Suppose that the market of laptops is given by following supply and demand curves given below: Qd = 5000 − 3p Qs = 1000 + p. Answer the following questions on excel sheet using the above demand and supply equations. i) Take …
10. ### maths, functions

The demand in units per week for a given product as a function of its price, p, in dollars is given as D(p) = 1100 Ð 200p, the supply of the same product in units per week as a function of its price, p, in dollars is given as S(p) …

More Similar Questions