Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given as follows: P = 2Q + 20 and P= 200 – 2Q2

Q: (c) The demand for watches is given by p = 7000 – 2q dollars, and the supply of watches is given byp…

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Q: (c) The demand for watches is given by p = 7000 − 2q dollars, and the supply of watches is given by…

A: Given that,   The demand for watches,   And the supply for watches,   Where “q” is the number of…

Q: The management of Titan Tire Company has determined that the weekly demand and supply functions for…

A: Givendemand function p = 144-x2supply function P = 48+12x2

Q: The demand for watches is given by p = 7000 − 2q dollars,and the supply of watches is given by p =…

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Q: The supply function for a product is given by p = q2 + 340, and the demand is given by p + q =…

A: Equilibrium occurs when price equals demand.   Substitute the supply function in the demand function…

Q: The demand and supply functions for Penn State ice hockey jerseys are: pd(x)- 106 - x p-stx) 3 - 20x…

A: Given:- The demand and supply functions for Penn State ice hockey jerseys are  P =d(x) =106-x2…

Q: The demand for watched is given by p= 7000-2q dollars, and the supply of watches is given by p=…

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Q: The supply function for a product is given by  p = q2 + 380,  and the demand is given by  p + q =…

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Q: The Catalog Store has data indicating that, when the price of a CD bookcase is $135, the demand…

A: topic -linear equations

Q: Suppose the supply function for a particular product is p =° q while the demand is 3. 11 p = 42 – ÷…

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Q: Suppose the supply-demand equations for a logo sweatshirt in a particular week are p-55-0.10q for…

A: Given: Demand function: p=55-0.10q   ……1   Supply function: p=25+0.20q   ……2

Q: Suppose that the supply function for honey is p=​S(q)=0.2q+2.2​, where p is the price in dollars…

A: Given supply function P=S(q)=0.2q+2.2 →         1    equilibrium prize=$4.40→            2    So…

Q: The demand for watches is given by p = 7000 − 2q dollars, and the supply of watches is given by p =…

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Q: The demand for watches is given by 7000-2q dollars and the supply of watches is given by p=…

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Q: The average ticket price for a concert at the opera house was $35. The average attendance was 4000.…

A: Let the ticket price be x when the attendance is y. Now given that: Ticket price is 35 when…

Q: Find the equilibrium point for the following pair of demand and supply functions. D(p) = 827 – 14p…

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Q: The demand for watches is given by p = 7000 2q dollars, and the supply of watches is given by p…

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Q: The weekly demand and supply functions for Sportsman 5x7 tents are given by the following respective…

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Q: The demand for watches is given by p = 7000 2q dollars, and the supply of watches is given by p =…

A: At the equilibrium point, the demand function and supply function must be equal.

Q: The average ticket price for a concert at the opera house was $50. The average attendance was 4000.…

A: frame the problem on a simple graph . Then use the slope point formula to solve the problem.

Q: Given: (x is number of items) Demand function: d(x) = 264.6 – 0.2x? Supply function: s(x) = 0.4x?…

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Q: Given: (x is number of items) Demand function: d(x) = 320 Supply function: s(x) 0.2a2 0.6x2 Find the…

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Q: Use the price-demand equation below to find E(p), the elasticity of demand. x = f(p) = 2800 – 2p2

A: We are asked to find the elasticity of demand

Q: A real estate office handles an apartment complex with 60 units. When the rent per unit is $98 per…

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Q: After extensive surveys, the research department of a company has determined that the supply and…

A: The supply equation is ,s(p)=500p-19500The demand equation is,d(p)=20000p

Q: Certain retailers will buy 15 cordless phones from a supplier if the price is $70 each but only 24…

A: The price and demand is:- Demand 15 24 Price($) 70 16 The price and supply is:- Supply 40…

Q: Use the price-demand equation below to find E(p), the elasticity of demand. x = f(p) = 3000 – 2p2…

A: Demand function =  x = f(p) = 3000- 2p2  f'(p) = -4p

Q: The supply and demand curves for a business dealing with wheat are p- 1.45 + 0,00014x p = (2.388 –…

A: Given supply curve is: p(x) = 1.45 + 0.00014x^2 Given demand curve is: q(x) = (2.388 - 0.007x)^2

Q: Suppose that the supply function for honey is p​=S(q)=0.2q​+22, where p is the price in dollars for…

A: The supply function for honey is p​=S(q)=0.2q​+2.2 Where, p is the price in dollars for an ​8-oz…

Q: Given: (x is number of items) Demand function: d(x) = 202.5 – 0.6x? Supply function: s(x) = 0.3x²…

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Q: Find the equilibrium point for the demand and supply functions D(p)=108 – 11p and S(p) = 70+8p. %3D

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Q: Find the equilibrium point for the demand and supply functions D(p)= 108 – 11p and S(p)= 70+8p.

A: Dp=108-11p & Sp=70+8p

Q: Find the equilibrium point (q, p) for a product whose supply and demand equations are p = -g + 50…

A: For equilibrium point we Equate demand and supply equation from where we find value of p and q. On…

Q: Until recently, hamburgers at the city sports arena cost $1.60 each. The food concessionaire sold an…

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Q: Given: (x is number of items) Demand function: d(x) = 633.6 – 0.622 Supply function: s(x) = 0.52?…

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Q: Find the consumer surplus for the demand curve p = 270 – 8q when q * = 15 items are sold at the…

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Q: The demand for watches is given by p = 7000 − 2q dollarsand the supply of watches is given by p =…

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Q: Find the equilibrium point of the demand and supply equations. Demand Supply p = 470 – 0.5x p = 338…

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Q: If the demand equation for an item is D(x)= -5x+ 80 and a supplier is willing to supply 10 items at…

A: The demand equation for an item is D(x)=-5x+80. It is given that, a supplier is willing to supply 10…

Q: The demand for watches is given by p = 7000 − 2q dollars, and the supply of watches is given by p =…

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Q: Find the equilibrium price and quantity for a good that has a following supply and demand functions…

A: Given that: The supply, Ps=q2+30q…

Q: The supply function product is given by p = q^2 + 360 and the demand is given by p + q = 780. Find…

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Q: (c) The demand for watches is given by p = 7000 − 2q dollars,and the supply of watches is given by p…

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Q: Use the price-demand equation below to find E(p), the elasticity of demand. x= f(p) = 4500 -3p E(p)…

A: The Elasticity of demand is defined by  E(p) = p * f ' (p) / f(p)

Q: For the supply function s(x) and demand level x, find the producers' surplus.

A: It is given that sx=0.06x and x=200. Recall the fact that the producer's surplus is given by the…

Q: Find the equilibrium price and equilibrium quantity for a product whose supply and demand functions…

A: Find the equilibrium price and equilibrium quantity for a product using supply and demand function.

Q: Until recently, hamburgers at the city sports arena cost $2.50 each. The food concessionaire sold an…

A: Given :           Cost function :                  To obtain cost function, add fixed cost and…

Q: Given: (x is number of items) Demand function: d(x) = 100 – 0.2x Supply function: s(x) = 0.6x - Find…

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Q: The demand for watches is given by p = 7000 − 2q dollars, and the supply of watches is given by p =…

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Q: All consumens share a common valuation of 50 and face (there and back) transport costs of t0 per…

A: 40 is the correct answer that is the option c