Price 2000 Demand Supply 1500- 1000 - 500 - 5 10 15 20 25 Quantity (tons)

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter1: Fundamental Concepts Of Algebra
Section1.4: Fractional Expressions
Problem 65E
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Based on the figure on the previous page, estimate as well as you can the coordinates of the four indicated points and write down two linear equations, one for the demand curve and one for the supply curve. Use P for price, QS for the quantity supplied, and QD for the quantity demanded.

Price
2000
Demand
Supply
1500-
1000 -
500 -
5
10
15
20
25
Quantity (tons)
Transcribed Image Text:Price 2000 Demand Supply 1500- 1000 - 500 - 5 10 15 20 25 Quantity (tons)
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