Prices p1 and p2 are in dollars and q1 and q2 are numbers of units. The demand functions for two products are given by the following. q1 = 900 − 6p1 − 8p2 q2 = 400 − 4p1 − 2p2 Find the demand for each of the products if the price of the first is p1 = $7 and the price of the second is p2 = $9. q1= q2=

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Q: Prices p1 and p2 are in dollars and q1 and q2 are numbers of units. The demand functions for two…

A: Given, q1= 600- 8p1 - 6p2-------(1)  q2= 500- 2p1-3p2------(2) and also p1=10, p2=6

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Q: The demand function for a certain model of a ten-speed bicycle is given by p= D(z) = -0.001z + 250…

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Q: The demand equation for a certain product is given by p = 120 – 0.05x , where p is the unit price…

A: The demand equation for a certain product is: p=120-0.05x

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Q: The demand functions for two products are given below. p1, p2, q1, and q2 are the prices (in…

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Q: The demand function of a product is q = 75-p².2<p≤7, where q is the quantity of the product that can…

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