At a price of $4.65 per pound, the supply for cherries is 16,117 pounds, and the demand is 10,232 pounds. When the price drops to $4.13 per pound, the supply decreases to 10,929 pounds and the demand increases to 12,809 pounds. Assume that the price-supply and price-demand equations are linear. What is the equilibrium price? $ per pound. Round to the nearest cent. At a price of $4.68 per pound, the supply for cherries is 16,186 pounds, and the demand is 10,295 pounds. When the price drops to $4.21 per pound, the supply decreases to 10,996 pounds and the demand increases to 12,591 pounds. Assume that the price-supply and price-demand equations are linear. What is the equilibrium quantity? Round to the nearest pound. pounds.
At a price of $4.65 per pound, the supply for cherries is 16,117 pounds, and the demand is 10,232 pounds. When the price drops to $4.13 per pound, the supply decreases to 10,929 pounds and the demand increases to 12,809 pounds. Assume that the price-supply and price-demand equations are linear.
What is the equilibrium price?
$ per pound. Round to the nearest cent.
At a price of $4.68 per pound, the supply for cherries is 16,186 pounds, and the demand is 10,295 pounds. When the price drops to $4.21 per pound, the supply decreases to 10,996 pounds and the demand increases to 12,591 pounds. Assume that the price-supply and price-demand equations are linear.
What is the equilibrium quantity? Round to the nearest pound.
pounds.
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