SOLUTION: The equations S = 5000 + 200x and D = 9500 – 100x express the supply S and the demand D, respectively, for a popular compact disc brand in terms of its price x (in dollars).
a)
Algebra.Com
Question 401388: The equations S = 5000 + 200x and D = 9500 – 100x express the supply S and the demand D, respectively, for a popular compact disc brand in terms of its price x (in dollars).
a) Graph the equations on the same coordinate system.
b) What happens to the supply as the price increases?
c) What happens to the demand as the price increases?
d) The price at which supply and demand are equal is called the equilibrium price. What is the equilibrium price?
Answer by mananth(16946) (Show Source): You can put this solution on YOUR website!
S = 5000 + 200x and D = 9500 – 100x
...
Red line = supply
supply increases as price increase
...
Green line = demand
demand declines as x increases.
..
Equilibrium price = $15
...
m.ananth@hotmail.ca
RELATED QUESTIONS
The equations S =5000 + 200x and D =9500 - 100x express the supply S and the demand D, (answered by nerdybill)
The equation S= 5000 + 200x and D=9500 -100x express suppy S and demand D, respectively,... (answered by jsmallt9)
Free market. The equations S = 5000 + 200x and
D = 9500 - 100x express the supply S and... (answered by stanbon)
The equations S=5000-200x and D=9500-100x express the supply S and the demand D,... (answered by stanbon)
The equations S = 5000 + 200x and
D = 9500 - 100x express the supply S and the
demand... (answered by checkley77)
Free market. The equation S = 5000 + 200x and D = 9500 - 100x express the supply S... (answered by Fombitz)
The function S=5000 +200x and D=9500-100x express the supply S and the demand D,... (answered by nabla)
Free market. The equations S= 5000 + 200x and D= 9500-100x express the supply S and the... (answered by jsmallt9)
The function S = 500 + 200X and D = 9500 - 100X express the supply S and the demand D,... (answered by ankor@dixie-net.com)