Business, 17.09.2019 01:20 Kyliehayden05
The quantity demanded x of a certain brand of dvd player is 3000/week when the unit price p is $485. for each decrease in unit price of $20 below $485, the quantity demanded increases by 250 units. the suppliers will not market any dvd players if the unit price is $300 or lower. but at a unit price of $525, they are willing to make available 2500 units in the market. the supply equation is also known to be linear.
(a) find the demand equation. p(x) =
(b) find the supply equation. p(x) =
(c) find the equilibrium quantity and the equilibrium price. equilibrium quantity units equilibrium price $
Answers: 2
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The quantity demanded x of a certain brand of dvd player is 3000/week when the unit price p is $485....
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