1. 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.

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
Problem 5SC: If during the following year it is predicted that each comedy skit will generate 30 thousand and...
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1. 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.
Transcribed Image Text:1. 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.
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