Mathematics, 24.12.2021 07:00 mazielynn84
Assume that the demand curve D(p) given below is the market demand for widgets:
Q=D(p)=2575−20p, p > 0
Let the market supply of widgets be given by:
Q=S(p)=−5+10p, p > 0
where p is the price and Q is the quantity. The functions D(p) and S(p) give the number of widgets demanded and supplied at a given price.
What is the equilibrium price?
Please round your answer to the nearest hundredth.
What is the equilibrium quantity?
Please round your answer to the nearest integer.
What is the price elasticity of demand (include negative sign if negative)?
Please round your answer to the nearest hundredth.
What is the price elasticity of supply?
Please round your answer to the nearest hundredth.
Answers: 2
Another question on Mathematics
Mathematics, 21.06.2019 14:00
(hurry! ) which expression is equivalent to the following complex fraction?
Answers: 1
Mathematics, 21.06.2019 17:00
This figure consists of a rectangle and semicircle. what is the perimeter of this figure use 3.14 for pi 60.84m 72.84m 79.68m 98.52m
Answers: 2
Mathematics, 21.06.2019 21:30
Write an equation of the line that passes through the point (2, 3) and is perpendicular to the line x = -1. a) y = 1 b) y = 3 c) y = 0 eliminate d) y = -3
Answers: 1
You know the right answer?
Assume that the demand curve D(p) given below is the market demand for widgets:
Q=D(p)=2575−20p, p...
Questions
Chemistry, 02.02.2021 23:10
Biology, 02.02.2021 23:10
English, 02.02.2021 23:10
Biology, 02.02.2021 23:10
Mathematics, 02.02.2021 23:10
Mathematics, 02.02.2021 23:10
History, 02.02.2021 23:10
Mathematics, 02.02.2021 23:10
Mathematics, 02.02.2021 23:10
