QUESTION 3 inthe demand equation is D(x) = 79 - 1.65x and the supply equation is S(x) =0.71x+21, find the equilibrium prce QUESTION 4 If the demand equation for an item is D(x) = -2.2x + 510 and a supplier is willing to supply 90 items at $700 per item, or 120 items at $2100 per item, find the equilibrium quantity, assuming linear supply and demand models.

QUESTION 3 inthe demand equation is D(x) = 79 - 1.65x and the supply equation is S(x) =0.71x+21, find the equilibrium prce QUESTION 4 If the demand equation for an item is D(x) = -2.2x + 510 and a supplier is willing to supply 90 items at $700 per item, or 120 items at $2100 per item, find the equilibrium quantity, assuming linear supply and demand models.

Survey of Economics (MindTap Course List)

9th Edition

ISBN:9781305260948

Author:Irvin B. Tucker

Publisher:Irvin B. Tucker

Chapter4: Markets In Action

Section: Chapter Questions

Problem 19SQ

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