document.write( "Question 176356: Free market. The equation 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).
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document.write( " a) Graph the equations 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 #131457 by Fombitz(32388)![]() ![]() You can put this solution on YOUR website! a.)Supply graph is in red. \n" ); document.write( "Demand graph is in green. \n" ); document.write( " \n" ); document.write( ". \n" ); document.write( ". \n" ); document.write( ". \n" ); document.write( "b.) Supply goes up as price increases. \n" ); document.write( ". \n" ); document.write( ". \n" ); document.write( ". \n" ); document.write( "c.) Demand goes down as price increases. \n" ); document.write( ". \n" ); document.write( ". \n" ); document.write( ". \n" ); document.write( "At the equilibrium price, \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "The equilibrium price is $15. \n" ); document.write( " |