The monthly supply and demand for a particular bike is represented in the accompanying graph. The quantityis in thousands and the price is in hundreds of dollars. Use the graph to answer the following. The demandcurve is red and the the supply curve is blue.100+9590-85807570656055Price50(in hundreds) 45403530252015105-5 -4 -3 -2 -123 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18(a) Approximately at what price is 3400 bikes supplied? $(b) Approximately at what price is 3400 bikes demanded? $$50.)(c) Estimate the equilibrium price. $(d) Estimate the equilibrium quantity.(Round to the nearest $50.)(Round to the nearest

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The monthly supply and demand for a particular bike is represented in the accompanying graph. The quantity is in thousands and the price is in hundreds of dollars. Use the graph to answer the following. The demand curve is red and the the supply curve is blue. 100- 95 90 85 80 75 70- 65 60- 55 50 45- 40 35 30 25 20 Price (in hundreds) 15 10 5 -5 -4 -3 -2 -1 3 9 10 11 12 13 14 15 16 17 18 4 5 6 7 8 (a) Approximately at what price is 3400 bikes supplied? $ (b) Approximately at what price is 3400 bikes demanded? $ $50.) (c) Estimate the equilibrium price. $ (d) Estimate the equilibrium quantity. (Round to the near $50.) (Round to the nearest

The monthly supply and demand for a particular bike is represented in the accompanying graph. The quantity is in thousands and the price is in hundreds of dollars. Use the graph to answer the following. The demand curve is red and the the supply curve is blue. 100- 95 90 85 80 75 70- 65 60- 55 50 45- 40 35 30 25 20 Price (in hundreds) 15 10 5 -5 -4 -3 -2 -1 3 9 10 11 12 13 14 15 16 17 18 4 5 6 7 8 (a) Approximately at what price is 3400 bikes supplied? $ (b) Approximately at what price is 3400 bikes demanded? $ $50.) (c) Estimate the equilibrium price. $ (d) Estimate the equilibrium quantity. (Round to the near $50.) (Round to the nearest

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter1: Expressions And Functions

Section1.8: Interpreting Graphs Of Functions

Problem 11PPS

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Similar questions

HOW DO YOU SEE IT? The graphs labeled L1,L2,L3, and L4 represent four different pricing discounts, where p is the original price (in dollars) and S is the sale price (in dollars). Match each function with its graph. Describe the situations in parts c and d. a fp:A50 discount is applied. b gp:A$5 discount is applied. c gfp d fgp
If you graph a revenue and cost function, explain how to determine in what regions there is profit.

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