economics

posted by .

The demand curve for knobs is P=75-6QD and the supply curve for knobs is P=35+2QS. What is the equilibrium price of a knob?

• economics -

111

Similar Questions

1. Math/Econ

If the demand curve is P=12.4-4Qd and the supply curve is P=-2.6+2Qs, What is the equilibrium price?
2. Economics: Market Equilibrium

Question: The market for shoes in 1997. Between 1997 and 1998, the equilibrium price of shoes remained constant, but the equilibrium quantity of shoes decreased. From this, you can conclude that between 1997 and 1998, the supply of …
3. economics

Consider an economy with the production function L^(1/3) a) Derive the Labor demand Curve b) If Labor supply curve is L^s= (w/p), calculate the equilibrium levels of real wage, labor and output. c) Assume M^s= 45 and k=3 . What is …
4. economics

Can you please exlain to me if I'm wrong not just correct me. ps. Ceteris paribusor the following markets, show whether change causes a shift in supply curve, a shift in demand curve, a movement along the supply curve, and/or a movement …
5. economics

Producer surplus is shown graphically as the area: under the demand curve and above the market price. under the demand curve and below the market price. above the supply curve and below the market price. above the supply curve and …
6. pre-calculus

You are given a pair of equations, one representing a supply curve and the other representing a demand curve, where p is the unit price for x items. 80 p + x - 380 = 0 and 84 p - x - 40 = 0 a. Identify which is the supply curve and …
7. math

You are given a pair of equations, one representing a supply curve and the other representing a demand curve, where p is the unit price for x items. 80 p + x - 380 = 0 and 84 p - x - 40 = 0 a. Identify which is the supply curve and …
8. Pre-calculus

You are given a pair of equations, one representing a supply curve and the other representing a demand curve, where p is the unit price for x items. 80 p + x - 380 = 0 and 84 p - x - 40 = 0 Identify which is the supply curve and demand …
9. pre-calculus

You are given a pair of equations, one representing a supply curve and the other representing a demand curve, where p is the unit price for x items. -45 x^2 - 74.5199999999995 x + 15921.36 - 1224.72 p = 0 and 54 x^2 + 1743.12 x + 13880.16 …
10. Economics

What would happen to the price of cheeseburgers if the price of cheese went up?

More Similar Questions