Find the equilibrium point for the given demand and supply functions. D(p) = (p - 65)2 S(p) = p2 + 14p + 3361 Equilibrium price: pE = Equilibrium quantity: xE =
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Find the equilibrium point for the given demand and supply functions.
S(p) = p2 + 14p + 3361
Equilibrium price: pE =
Equilibrium quantity: xE =
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- Find the consumers' surplus if the demand for an item is given by D(q)=72-q2, assuming supply and demand are equilibrium at q=6.The demand for watches is given by p = 7000 − 2q dollars,and the supply of watches is given by p = 0.01q^2+ 2q + 1000 dollars,where q is the number of watches demanded and supplied when the price perwatch is p dollars. Based on the information provided, calculate the equilibriumquantity and the equilibrium price for watches.(c) The demand for watches is given by p = 7000 − 2q dollars,and the supply of watches is given by p = 0.01q2 + 2q + 1000 dollars,where q is the number of watches demanded and supplied when the price per watch is p dollars. Based on the information provided, calculate the equilibrium quantity and the equilibrium price for watches.
- Given the supply and demand functions of a given product QS is x2 + 14x + 22 and QD = -x2 - 10x = 150, determine 1. the equilibrium price 2. Equilibrium quantity(c) The demand for watches is given by p = 7000 − 2q dollars, and the supply of watches is given by p = 0.01q + 2q + 1000 dollars, where q is the number of watches demanded and supplied when the price per watch is p dollars. Based on the information provided, calculate the equilibrium quantity and the equilibrium price for watches.The demand for watches is given by p = 7000 − 2q dollars, and the supply of watches is given by p = 0.01q2 + 2q + 1000 dollars, where q is the number of watches demanded and supplied when the price per watch is p dollars.Based on the information provided,calculate the equilibrium quantity and the equilibrium price for watches.
- The demand for watched is given by p= 7000-2q dollars, and the supply of watches is given by p= 0.01q^2 +2q +1000 dollars, where q is the number of watches demanded and supplied when the price per watch is p dollars. Based on the information provided, calculate the equilibrium quantity and the equilibrium price for wstchedThe demand for watches is given by p = 7000 − 2q dollarsand the supply of watches is given by p = 0.01q2 + 2q + 1000 dollars,where q is the number of watches demanded and supplied when the price per watch is p dollars. Based on the information provided: a) calculate the equilibrium quantity for watches b) calculate the equilibrium price for watches.