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Business, 26.10.2019 13:43, hi510hello

Supply equation: q = -4 + p and a demand equation of q = 16 – p. what is the equilibrium price?

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Mathematics, 13.07.2019 00:30, Redhead667

At a price of $2.23 per bushel, the supply of a certain grain is 7100 million bushels and the demand is 7900 million bushels. at a price of $2.32 per bushel, the supply 7500 million bushels and the demand is 7800 million bushels (a) find a price-supply equation of the form p mx b, where p is the price in dollars and x is the supply in millions of bushels. els llars and: and millions ation where p is the price the mp x+ (c) find the eauilibrium point (d) graph the price-supply equation, price-demand equation, and equilibrium point in the same coordinate system

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Business, 08.08.2019 20:20, jr116641

The generalized demand and supply functions for a commodity are qd = 400 – 25 p + 0.4 m + 24 pr qs = 48 + 12 p –20 pi + 20 f qd = quantity demanded; p = price of the commodity; m = average household income; pr = price of related goods in consumption (complements or subsititutes); qs = quantity supplied; pi = factor or input prices; f = number of suppliers a. initially, m = $61,140 and pr = $6. find the “reduced” demand equation. b. find the inverse demand function (in which p is a function of qd). c. initially, pi = $25 and f = 22. find the “reduced” supply equation d. find the inverse supply equation (in which p is a function of qs). e. will a price of $600 cause a shortage or surplus? how much? f. find the market equilibrium price and quantity. now, let the number of firms increase to 133. g. find the new supply equation. what are the new equilibrium price and quantity.

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Mathematics, 06.09.2019 04:30, skrillex88

In supply (and demand) problems, y is the number of items the supplier will produce (or the public will buy) if the price of the item is x. for a particular product, the supply equation is y=5x+465 and the demand equation is y=−6x+652. a) what is the intersection point of these two lines? (enter answer an an ordered pair) b) what is the selling price when supply and demand are in equilibrium? price=$/item c)what is the amount of items in the market when supply and demand are in equilibrium? number of items =

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Supply equation: q = -4 + p and a demand equation of q = 16 – p. what is the equilibrium price?...

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