document.write( "Question 306258: The equations S = 5000 + 200x and
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document.write( "D = 9500 - 100x express the supply S and the
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document.write( "demand D, respectively, for a popular compact disc brand
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document.write( "in terms of its price x (in dollars).\r
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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
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document.write( "called the equilibrium price.What is the equilibrium
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document.write( "price? \n" );
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Algebra.Com's Answer #219220 by checkley77(12844)![]() ![]() ![]() You can put this solution on YOUR website! S = 5000 + 200x \n" ); document.write( "Y=200X+5,000 (RED LINE) \n" ); document.write( "D = 9500 - 100x \n" ); document.write( "Y=-100X+9,500 (GREEN LINE) \n" ); document.write( "A) \n" ); document.write( "\n" ); document.write( "B) What happens to the supply as the price increases? \n" ); document.write( "The supply increases. \n" ); document.write( "C) What happens to the demand as the price increases? \n" ); document.write( "The demand decreases. \n" ); document.write( "D) The price at which supply and demand are equal is \n" ); document.write( "called the equilibrium price.What is the equilibrium \n" ); document.write( "price? 7,900=200X+5,000 \n" ); document.write( "7,900=200X+5,000 \n" ); document.write( "200X=7,900-5,000 \n" ); document.write( "200X=2,900 \n" ); document.write( "X=2,900/200 \n" ); document.write( "x=$14.5 ans. \n" ); document.write( " |