document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=256069>Question 256069</A>: <I><SPAN STYLE=\"word-break: break-all;\"> the supply S of a commodity (in thousands of units), if the price is P dollars per unit, is given by the equation<BR>\n" );
document.write( " s= 0,3p+3\r<BR>\n" );
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document.write( "the demand D for that commodity(in thousands of units), if the price is p dollas per unit, is given by the equation<BR>\n" );
document.write( " d= -o,5p+9\r<BR>\n" );
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document.write( "the value of p for which s = d is called equilibrium price \r<BR>\n" );
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document.write( "a) graph both equations in the same coordinate plane. (let the horizontal axis represent price and the vertical axis represent supply or demand in thousands of units)\r<BR>\n" );
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document.write( "b) determine the equilibrium price<BR>\n" );
document.write( "c) what will happen at prices greater than this price?\r<BR>\n" );
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document.write( "TUTORS i really need help with this because i dont even understand the problem either so i dont really know what procedure to apply :S:S anyway thans for any help that you can give me </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #188257 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=188257\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> the supply S of a commodity (in thousands of units), if the price is P dollars per unit, is given by the equation<BR>\n" );
document.write( "s= 0.3p+3 <BR>\n" );
document.write( "the demand D for that commodity(in thousands of units), if the price is p dollas per unit, is given by the equation<BR>\n" );
document.write( "d= -o.5p+9 <BR>\n" );
document.write( "the value of p for which s = d is called equilibrium price<BR>\n" );
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document.write( "a) graph both equations in the same coordinate plane. (let the horizontal axis represent price and the vertical axis represent supply or demand in thousands of units)<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=graph%28400%2C300%2C-10%2C20%2C-10%2C20%2C0.3x%2B3%2C-0.5x%2B9%29 ALIGN=MIDDLE  ALT=\"graph%28400%2C300%2C-10%2C20%2C-10%2C20%2C0.3x%2B3%2C-0.5x%2B9%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
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document.write( "b) determine the equilibrium price<BR>\n" );
document.write( "Solve 0.3p+3 = -0.5p+9<BR>\n" );
document.write( "0.8p = 6<BR>\n" );
document.write( "p = 7.5<BR>\n" );
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document.write( "c) what will happen at prices greater than this price?<BR>\n" );
document.write( "As price rises demand goes decreases.<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. \r<BR>\n" );
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