Doug William, the owner of a corner store, estimates that the supply and demand for a specialized energy drink could be described by the following equations D : q=−25 p+345 , S : q=50 p−330, where p represents the price in dollars per case (each case contains 12 bottles), and q represents the number of cases sold each week (a) Determine the market equilibrium price and quantity.
Doug William, the owner of a corner store, estimates that the supply and demand for a specialized energy drink could be described by the following equations D : q=−25 p+345 , S : q=50 p−330, where p represents the price in dollars per case (each case contains 12 bottles), and q represents the number of cases sold each week (a) Determine the market equilibrium price and quantity.
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter7: Demand And Supply
Section: Chapter Questions
Problem 20AA
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can you help me with thia qustion
Doug William, the owner of a corner store, estimates that the
could be described by the following equations D : q=−25 p+345 , S : q=50 p−330,
where p represents the price in dollars per case (each case contains 12 bottles), and q represents the number of
cases sold each week
(a) Determine the
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