Suppose that the supply function for honey is p​=S(q)=0.2q​+22, where p is the price in dollars for an ​8-oz container and q is the quantity in barrels. Suppose also that the equilibrium price is ​$4.40 and the demand is 3 barrels when the price is ​$5.80. Find an equation for the demand​ function, assuming it is linear.

Q: (c) The demand for watches is given by p = 7000 – 2q dollars, and the supply of watches is given byp…

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Q: Suppose that the monthly demand function of a particular commodity is given by P= 200 -0.4x and the…

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Q: (c) The demand for watches is given by p = 7000 − 2q dollars, and the supply of watches is given by…

A: Given that,   The demand for watches,   And the supply for watches,   Where “q” is the number of…

Q: Suppose that the price-demand and the price-supply equations are given respectively by the…

A: The price-demand equation is p=Dx=40-0.2x and the price-supply equation is p=Sx=27.5+0.001x2. (a)…

Q: The demand for watches is given by p = 7000 − 2q dollars,and the supply of watches is given by p =…

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Q: The demand for watched is given by p= 7000-2q dollars, and the supply of watches is given by p=…

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Q: Suppose a certain outlet chain selling appliances has found that for one brand of home theater, the…

A: Here we are using a slope and point intercept form. p for price q for quantity The demand function…

Q: Q.5 (a) Retailers will buy 45 cordless phones from a wholesaler if the price is $10 each but only 20…

A: Given: Demand  Price $ 45 10 20 60   Supply Price $ 35 30 70 50

Q: The Catalog Store has data indicating that, when the price of a CD bookcase is $135, the demand…

A: topic -linear equations

Q: Suppose that the supply function for honey is p=​S(q)=0.2q+2.2​, where p is the price in dollars…

A: Given supply function P=S(q)=0.2q+2.2 →         1    equilibrium prize=$4.40→            2    So…

Q: Given a supply function S(q) = q² + 3q and demand function D(q) = 1968 – 4q, determine the price and…

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Q: Suppose at price p = 0, demand is q = 100 units and supply is q =-10 units yes, it is negative).…

A: Demand function q(p) is linear and we have two points on the demand curve , (0,100),(10,33).Let the…

Q: 2. It is assumed that consumption C depends on income Y and that this relationship takes the form of…

A: We shall solve this question using only the basic knowledge of linear equations.

Q: The demand for watches is given by p = 7000 − 2q dollars, and the supply of watches is given by p =…

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Q: If the demand equation for an item is D(x) = -5.0x + 80 and a supplier is willing to supply 10 items…

A: Given problem:- If the demand equation for an item is D(x) = -5.0x + 80 and a supplier is willing to…

Q: Q.5 (a) Retailers will buy 45 cordless phones from a wholesaler if the price is $10 each but only 20…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: The demand for watches is given by 7000-2q dollars and the supply of watches is given by p=…

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Q: Suppose that a company that makes sweatshirts has a linear demand function of qD = –13p + 500 and a…

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Q: Based upon market research, the Hawthorne Company has determined that consumers are willing to…

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Q: A group of retailers will buy 112 televisions from a wholesaler if the price is $300 and 152 if the…

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Q: Based upon market research, the Hawthorne Company has determined that consumers are willing to…

A: According to the given information, Number of units purchased each week = 138 units Price of one…

Q: The demand for watches is given by p = 7000 2q dollars, and the supply of watches is given by p…

A:

Q: Suppose that the price-demand and the price-supply equations are given respectively by the…

A: At equilibrium demand and supply (price and quantity sold ) will be equal  Amount saved by buyer  is…

Q: The demand for watches is given by p = 7000 2q dollars, and the supply of watches is given by p =…

A: At the equilibrium point, the demand function and supply function must be equal.

Q: The supply function of a form is given as p=x^2+4x+5. Find the Producer’s Surplus given that the…

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Q: Suppose that the price p​ (in dollars) and the weekly sales x​ (in thousands of​ units) of a certain…

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Q: Suppose that the price-demand and the price-supply equations are given respectively by the…

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Q: Suppose the demand for a product is given by 2p3q = 500,000p2 where p is price in dollars and q is…

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Q: Suppose a certain outlet chain selling appliances has found that for one brand of home theater, the…

A: Given the monthly demand is 180 when price is $800 and 240 when price is $700. Let p be price q be…

Q: If the demand for a thingy is 12,000 per month when the price is $12 and 15,000 when the price is…

A: Find the slope of function.

Q: A real estate office handles an apartment complex with 60 units. When the rent per unit is $98 per…

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Q: Suppose that in a certain market the demand function for a product is given by 10p + q = 1,900 and…

A: Given that  Demand and supply functions are

Q: The weekly demand for cortisone cream at a major drug store chain in Spokane is 135 units at a price…

A: Introduction: When the dependent variable changes with the independent variable linearly, the…

Q: Certain retailers will buy 15 cordless phones from a supplier if the price is $70 each but only 24…

A: The price and demand is:- Demand 15 24 Price($) 70 16 The price and supply is:- Supply 40…

Q: At a price of $70 there is demand for 756 items and a supply of 350 items. At a price of $130 there…

A: According to the given information,

Q: If consumption is $9 billion when disposable income is $0, and if the marginal propensity to consume…

A: Consider the marginal propensity to consume is 0.80. Then, dCdy=0.80 That is, dC=0.80dy On…

Q: For demand function Qd = a-bP and supply function Qs = dP-c, using Cramer’s rule determine…

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Q: The demand for watches is given by p = 7000 − 2q dollarsand the supply of watches is given by p =…

A:

Q: The demand for watches is given by p = 7000 − 2q dollars, and the supply of watches is given by p =…

A:

Q: Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand…

A: Given: Supply: P = 2Q+20 Demand: P = 200-2Q2

Q: (c) The demand for watches is given by p = 7000 − 2q dollars,and the supply of watches is given by p…

A:

Q: The Catalog Store has data indicating that, when the price of a CD bookcase is $138, the demand…

A: The Catalog Store has data indicating that, when the price of a CD bookcase is $138, the demand…

Q: When the admission price for a baseball game was $6 per ticket, 48,000 tickets were sold. When the…

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Q: A company manufactures 2 models of MP3 players. Let x represent the number (in millions) of the…

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Q: given a demand equation p=(900+31x-x2)/2000 and a cost equation C=600+3x, find the marginal profit…

A: We have given

Q: When the price, p, charged for a boat tour was $30, the average number of passengers per week, N,…

A: Given query is to find the function for demand.

Q: The demand for watches is given by p = 7000 − 2q dollars, and the supply of watches is given by p =…

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Q: Suppose for a company manufacturing flash drives, the cost and revenue equations are given by C=…

A: Given that cost function Cx=6000+3x And revenue function Rx=20x−0.002x (a) We have to find the…

Q: A car rental agency rents 220 cars per day at a rate of 28 dollars per day. For each 1 dollar…

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Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.