document.write( "Question 145573: Free Market. The function S=5000+200x and D= 9500-100x express the supply S and the Demand D, respectively, for a popular compact disc brand as a function if its price x (in dollars).\r
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document.write( "a)Graph the functions on the same coordinate system
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document.write( "b)What happens to the supply as the price increases?
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document.write( "c)What happens to the demand as the price increases?
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document.write( "d)The price at which supply and demand are equal is called the equilibrium price. What is the equilibrium price?
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Algebra.Com's Answer #106258 by solver91311(24713)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The green line is the Demand equation.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "b. Pick a number for x. Put it into the Supply equation and do the arithmetic. Then pick a larger number for x. Put it into the Supply equation and do the arithmetic. What happened to S when x got larger? That's your answer.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "c. Do the same thing for the Demand equation.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "d. If you want to find the point where Supply equals Demand, set the two expressions equal to each other:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Now solve for x. \n" ); document.write( " |