Aretail chain will buy 900 cordless phones if the price is $40 each and 700 if the price is $60. a wholesaler will supply 550 phones at $30 each and 1250 at $50 each. assuming that the supply and demand functions are linear, find the market equilibrium point and explain what it means.

The point of equilibrium is (40,900).

Step-by-step explanation:

It is given that the supply and demand functions are linear.

From the given information it is noticed that the demand function passing through the points (40,900) and (60,700). The supply function passing through the points (30,550) and (50,1250).

If a line passing through two points, then the equation of line is

The demand function is

                   .... (1)

The demand function is .

The supply function is

                 .... (2)

The supply function is .

Equilibrium is the point where the demand and supply are equal.

On solving (1) and (2), we get

Therefore the point of equilibrium is (40,900). It means the retailer can buy 900 phones for $40 each and the wholesaler can sale 900 phones for $40.

4/6 = 2/3

so it should take 3/3 hours per man. so 9 hours is the answer 3*3 =9

step-by-step explanation:

the answer is thin because within context, the stanza concludes the and frail tone the people have toward each other, and the fact that it would be thin, makes the most sense compared to "pliable" or "not hard or firm to the touch". hope this , good luck.

step-by-step explanation:

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