Math

AlgebraQ&A Library1. At a price of $4 per slice, the supply of pizzas is 800 slices and the demand is 580 slices. At theprice of $2 per slice, the supply is 600 slices and the demand is 830 slices.a. Find the price-supply equation in the form p= mx+bilou sdreta woflbutsb. Find the price-demand equation in the form p= mx+bh)-FOopo12 eribior uoa onpdie t e coer o Spyd bonc. Find the equilibrium pointbloe bas borQuestion

Asked Dec 6, 2019

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Step 1

a) Since price-supply equation is linear , so we can use two-point form of equation by taking points (800,4) and (600,2) to find the equation as shown below

Step 2

b) Since price-demand equation is linear , so we can use two-point form of equation by taking points (580,4) and (830,2) to find the equation as shown below

Step 3

c) Equilibrium point is when demand ...

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