p=0.8q+6
p=-1.2q+14
Mathematics, 05.05.2020 08:22 humphreybrittany42
Suppose that the supply and demand for sunglasses are
p=0.8q+6
p=-1.2q+14
Where p is the price in dollars and q is the quantity in hundreds.
a. Find the supply and demand (to the nearest unit) if sunglasses are sold for $7 each.
Discuss the stability of the sunglasses market at this price.
b. Find the supply and demand (to the nearest unit) if sunglasses are sold for $11 each.
Discuss the stability of sunglasses market at this price.
c. Find the equilibrium price and quantity
Answers: 1
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Suppose that the supply and demand for sunglasses are
p=0.8q+6
p=-1.2q+14
p=0.8q+6
p=-1.2q+14
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