SOLUTION: The demand and supply equation for a commodity are given by Demand: P=50-3D Supply: P=14+1.5S where P is the price of the commodity, D and S are the quantities demanded and

SOLUTION: The demand and supply equation for a commodity are given by Demand: P=50-3D Supply: P=14+1.5S where P is the price of the commodity, D and S are the quantities demanded and

Algebra.Com

Question 729932: The demand and supply equation for a commodity are given by
Demand: P=50-3D
Supply: P=14+1.5S
where P is the price of the commodity, D and S are the quantities demanded and supplied at price P respectively. What is the difference between quantity supplied and that demanded when the price is R38.00?
Answer by lynnlo(4176) (Show Source): You can put this solution on YOUR website!

RELATED QUESTIONS
Suppose the supply and demand for a certain textbook are given by supply: p= 1/5q^2... (answered by MathLover1)

Find the equilibrium quantity and equilibrium price for the commodity whose supply and... (answered by MathLover1)

Find the equilibrium quantity and equilibrium price for the commodity whose supply and... (answered by MathLover1)

In a certain city, the price � demand and price � supply equations for CDs are p =... (answered by ewatrrr)

The price per unit, p and the demand x, for a particular material are related by the... (answered by fractalier)

If the supply function for a commodity is 11p+3q=66 and the demand function is 2p^2... (answered by robertb)

Suppose supply and demand functions for a given product are given by Qs=.3+.8p and... (answered by solver91311)

Find the equilibrium quantity and equilibrium price for the commodity whose supply and... (answered by stanbon)

The demand and supply equations for a certain item are given by: D=-5p+40 S=-p^2+30p-8 (answered by Nate)