If demand curve for alphonso mangoes is D = 25000 70P and supply curve is S = 10000 + 80P, find the equilibrium quantity? A) 18,000 units B) 2,000 units C) 1,800 units D) 200 units
Q: P (E) P (P) 40 5 80 Qd -10 Qs
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Q: If demand curve for alphonso mangoes is D = 25000 - 70P and supply curve is S = 10000 + 80P, find…
A: Equilibrium will occur when Demand = Supply
If
A) 18,000 units
B) 2,000 units
C) 1,800 units
D) 200 units
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- Demand for Corn Flakes is: P = 14 - Q. Supply of Kellogg's Corn Flakes is: P = 2 + Q. Now a generic company enters the market, selling generic Corn Flakes for $4. Assume consumers are indifferent between generic and Kellogg's Corn Flakes. When the generic corn flakes enter the market, Kellogg's will sell how many less boxes of their own cereal?The supply function for a product is 2p - 4 - 10 = 0. while the demand function for the same product is (p + 10)(4 + 30) = 7200. Find the market equilibrium point.A retail chain will buy 900 cordless phones if the price is $30 each and 800 if the price is $40. A wholesaler will supply 350 phones at $40 each and 1400 at $70 each. Assuming that the supply and demand functions are linear, find the market equilibrium point and explain what it means.
- Viking Publishing House observed that in the recent years books on nature conservation and climate change have been very popular. As a matter of fact, Jane Goodall's latest book, "The Book of Hope: A Survival Guide for an Endangered Planet" has been a best-seller and Viking estimates the following demand curve for the book: P = 150 - Q In this equation, P is the price of the book and Q denotes yearly sales in thousands 20,000 books would be expressed as Q = 20 books. In other words, Viking estimates that it incurs a cost of $40 for printing and shipping of each book and pays a $10 royalty to Jane Goodall for each book sold. a. Calculate the profit maximizing OUTPUT and PRICE for this book. Also, calculate the TOTAL PROFITS.Demand function is given by P = 50 + 6Q and supply function is given by P = 100 + Q Calculate equilibrium price and quantitySuppose the demand for oxygen cylinders is 10 units, the price is 876, if the demand for oxygen cylinders is 15 units, the price is 1354, determine the demand function.
- Suppose the market demand curve for cranberry is given by the equation Qd=500-4P, while market supply curve for cranberry is described by the equation Qs=-100+2P where P is the price. Find equilibrium price.Jabari's HookNLadder is the only company selling fire engines in the fictional country of Alexandrina. Jabari initially produced four trucks, but then decided to increase production to five trucks. The following graph gives the demand curve faced by Jabari’s HookNLadder. As the graph shows, in order to sell the additional fire truck, Jabari must lower the price from $105,000 to $90,000 per truck. Notice that Jabari gains revenue from the sale of the additional engine, but at the same time, he loses revenue from the initial four engines because they are all sold at the lower price. Use the purple rectangle (diamond symbols) to shade the area representing the revenue lost from the initial four engines by selling at $90,000 rather than $105,000. Then use the green rectangle (triangle symbols) to shade the area representing the revenue gained from selling an additional engine at $90,000Demand for Corn Flakes is: P = 26 - Q. Supply of Kellogg's Corn Flakes is: P = 2 + Q. Now a generic company enters the market, selling generic Corn Flakes for $6. Assume consumers are indifferent between generic and Kellogg's Corn Flakes. How many boxes of Kellogg's (brand) Corn Flakes will sell? Enter as a value.
- The supply function for a product is 2p − q − 60 = 0, while the demand function for the same product is (p + 20)(q + 10) = 8100. Find the market equilibrium point.Given the supply and demand schedules for calculators shown below, what is the market’s equilibrium price? Demand Schedule for Calculators Supply Schedule for Calculators Price ($) Quantity Price ($) Quantity 50 0 50 16 40 4 40 12 30 8 30 8 20 12 20 6 10 16 10 3 1 20 1 0Given the demand curve below, the demand function is expressed as: * a. P = 40 – 2Q. B. Q = 80 – 2P. C. Q = 80 – P. D. P = 40 - 5Q
