Question

Asked Sep 5, 2019

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Producers will make 2000 refrigerators available when the unit price is $420. At a unit price of $460, 6000 refrigerators will be marketed. Find the equation relating the unit price *p* of a refrigerator to the quantity supplied *x* if the equation is known to be linear.*p* =

How many refrigerators will be marketed when the unit price is $500?

refrigerators

At what price will suppliers be unwilling to market refrigerators?

At a unit price of $450, the quantity demanded of a certain commodity is 75 pounds. If the unit price increases to $580, the quantity demanded decreases by 13 pounds. Find the demand equation (assuming it is linear) where *p* is the unit price and *x* is the quantity demanded for this commodity in pounds.*p* =

At what price are no consumers willing to buy this commodity?

$

According to the above model, how many pounds of this commodity would consumers take if it was free?

pounds

Step 1

For *x* = 2000, *p* = $420 and for *x* = 6000, *p*= $460.

Equation is,

Step 2

When *p* = $500,

Step 3

Demand equation can be given as *y* = *...*

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