Suppose the demand function for a product is given by pq+p=5000 where p is price in dollars and q is the number of units sold. If the price is $50 and increasing by $2 per week, how is the quantity sold changing?

Q: The demand equation for school lunches is x=64-8p where x is the number of lunches purchased and p…

A: Demand equation: - demand equation is the mathematical equation that shows the relationship between…

Q: pply f

A: Given : QDX = 10 – 2PX QSX = PX − 2

Q: If the demand for product X is inelastic, a 4 percent decrease in the price of X will

A: When the demand of the good is inelastic, then 1% decrease in price will lead to more than 1%…

Q: Assume that the percentage increase in income (%ΔI) is 4% and the percentage decrease in the…

A: Income Elasticity of demand can be defined as the ratio of the change in the percentage of the…

Q: The demand function for a good is Q = 650-5P while the supply functions is Q=-100+10P. Graph the…

A: The given information: Demand function Q=650-5P Supply function Q=-100+10P   Consider P=10, then the…

Q: A company that makes sweatshirts is willing to supply 156 sweatshirts each month if the price is $24…

A: We know that supply function is a function of price.  Given: Supply = 156 when price = 24…

Q: suppose the supply function of product x is given by QxS= -30 + 2Px - 4Pz a. how much of product x…

A: Given that, Supply function of product x is given by QxS= -30 + 2Px - 4Pz Px= $80 and Pz = $60

Q: Supply function is a functional relationship between quantity supplied of a commodity and

A: # we know that the law of supply give the relationship between the quantity supplied and the price…

Q: Suppose the aggregate daily demand for campsites in Yosemite Valley is:   Campsites demanded each…

A: Answer - Campsites Demanded each day = 1000 -10*priceq = 1000-10p........(1)At the moment Yosemite…

Q: MacGuffins have a demand function of QD = 70 – P and a supply function of QS = 2P + 10. Determine…

A: Supply function: It means the functional relationship between the quantity of goods supplied and…

Q: Suppose the demand for oxygen cylinders is 10 units, the price is 876, if the demand for oxygen…

A: For making demand function we need to Let Demand be 'D' and Price be "P" By using Liner Function Y =…

Q: . When supply of a commodity increases without change in price, it is called

A: Supply of a commodity is related to the price of a commodity directly, but also depends on several…

Q: Demand function is given by P = 50 + 6Q and supply function is given by  P =  100 + Q Calculate…

A: Under equilibrium  Demand = Supply

Q: Suppose a certain home improvement outlet knows that the monthly demand for framing studs is 2,700…

A: The answer to the question is as follows :

Q: The marginal price for a weekly demand of x bottles of shampoo in a drugstore is given by the…

A: Answer to the question is as follows:

Q: True or false? If the demand function is x1 = −p1, then the inverse demand function is x = −1/p1.

A: Inverse demand function states that price is a function of quantity where the demand function states…

Q: In the following question you are asked to determine, other things equal, the effects of a given…

A: Complement goods are those goods that are demanded together. For example, pen and ink are considered…

Q: Which expression refers to the inverse (negative) relationship between price and quantity demanded…

A: There is the inverse relation the price and quantity demanded. As the price increases, the quantity…

Q: If the demand curve for product A moves to the right, and the price of product B decreases, it can…

A: Demand refers to the volume of goods and services a consumer is willing to purchase at a given price…

Q: . Suppose the demand function for cable TV service is given by Q CTV = 15 - 0.25 x P CTV + 0.0005 x…

A: Given; Demand Function:-                           QCTV=15-0.25PCTV+0.0005M+0.3PSTV where;…

Q: Suppose the demand function is linear. At p 8, quantity demanded is Q = 16. At p quantity demanded…

A: The residual amount that a consumer has after paying less than he/she was ready to, is the “consumer…

Q: The demand curve for a good is horizontal when it is:* a perfectly inelastic good. a unitary…

A: "In economics, demand curve represents the inverse relation between price of a product and quantity…

Q: Suppose the supply function for good X is given by: QSx = -30+2PX - 4PY How much of good X is…

A: (1) Provided with the supply function of good X QsX = -30 + 2PX – 4PY. Production of good X when the…

Q: Suppose consumers will demand 40 units of a product when the price is RM12.75 per unit and 25 units…

A: Here, two points of demand curve is given using which one can find the demand equation.

Q: The inverse demand and supply functions for a commodity are Inverse demand function: Pa = 400 – 0.3Q…

A: The equilibrium price occurs at such a quantity where the price that the buyer is willing to pay is…

Q: The demand curve is positively sloped because there is a positive relationship between the dependent…

A: In a market, demand and supply aure the two concepts that are used to explain the general behavior…

Q: Let the demand and supply functions for a given commodity be Q = a - ßp Q=-y+ p where (a, B, 8, y>…

A: Here the supply curve is the curve depicting how much production of manufacturing goods is being…

Q: The demand for pocket calculators is given by the function: P = 6 - 0.5Qd; and the supply is given…

A: P=6-0.5Qd0.5Qd=6-PQd=6-P0.5Qd=12-2P6=Qs-PQs=6+P

Q: The weekly demand for wine in the United States is described by the following equation:  Qd =…

A:

Q: In the following question you are asked to determine, other things equal, the effects of a given…

A: A market is a place where the buyers of the economy as well as the sellers of the economy comes and…

Q: Given a demand function Qd=60 – 10P and a supply function Qs = 10P, find the equilibrium quantity…

A: Demand function: Qd=60-10P Supply function: QS=10P

Q: The equilibrium price of the given demand and supply functions is p = 15*D + 30 p = 100(1.5*s) + 30…

A: Given demand and supply funcation P = 15XD + 30P = 100 (1.5XS ) +30 Price Is Equlibrium When the QD…

Q: In the following question you are asked to determine, other things equal, the effects of a given…

A: Answer (1): Option A (Decrease D, decrease P, decrease Q) Explanation: A fall in the price of a…

Q: In the following question you are asked to determine, other things equal, the effects of a given…

A: The demand curve is a downward sloping curve indicating a negative relationship between the price…

Q: Sales of bananas have dropped from 100,000 pounds to 75,000 pounds per day because a freeze resulted…

A: In a market, various factors are responsible for influencing the supply and demand of a product that…

Q: If the supply and demand functions for a commodity are given by p – q = 10 and q(2p - 10) = 1000,…

A: Equilibrium is at a particular price where quantity supplied  equals quantity demanded.

Q: Suppose the supply function for product X is given by Qxs = −30 + 2Px − 4Pz.    How much of…

A: Ans. The supply function shows the relationship between the price and quantity supplied of a…

Q: Assume that the price of product X rises by 13 percent and the quantity supplied of X rises by 15…

A: The markets are the place where the buyers of various goods and services tend to meet and interact…

Q: When demand of a commodity is greater than its supply at a given price then it is known as

A: # In a market the market equilibrium occurs at the point where the demand and the supply are equal.…

Q: Which factor that influences change in buying plan, other than price of good? Find out market…

A: The buying plan can be influenced by the income of consumers. For example, a person wants to buy a…

Q: suppose the demand and supply functions for an item are givem by QX = 50-2P and QX= 10+3P  a,…

A: There is an inverse/negative relationship between the P (price) of a commodity/product and service…

Q: Supply and demand conditions can also be expressed in quadratic form. Find the equilibrium price and…

A: The equilibrium price and quantity are determined where demand is equal to supply. Demand function:…

Q: D(P) given below is the market demand for widgets: Q = D(p) = 2941 – 23p, p> 0 %3D %3D Let the…

A: C) price elasticity of demand is -0.34 It means that a 1% increase in the price of the product…