document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=101682>Question 101682</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I am lost about where to put the data. Please help. The question is;<BR>\n" );
document.write( "Let the supply and demand functions for sweaters in dollars be:<BR>\n" );
document.write( "supply: p=9q+6<BR>\n" );
document.write( "demand: p=76-5q<BR>\n" );
document.write( "a. Find the equilibrium demand.<BR>\n" );
document.write( "b. Find the equilibrium price.\r<BR>\n" );
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document.write( "Thank you for your time </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #74063 by </B><A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><B>ankor@dixie-net.com(22740)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><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/cgi-bin/show-face.mpl?user=ankor@dixie-net.com><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=74063\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> :<BR>\n" );
document.write( "Let the supply and demand functions for sweaters in dollars be:<BR>\n" );
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document.write( "supply: p = 9q + 6<BR>\n" );
document.write( "demand: p= 76 - 5q<BR>\n" );
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document.write( "q = number of items<BR>\n" );
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document.write( "a. Find the equilibrium demand.<BR>\n" );
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document.write( "Equilibrium demand occurs when supply = demand so we have:<BR>\n" );
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document.write( "Supply = demand<BR>\n" );
document.write( "9q + 6 = 76 - 5q<BR>\n" );
document.write( "Solving for q tells us the number of items <BR>\n" );
document.write( "9q + 5q = 76 - 6<BR>\n" );
document.write( "14q = 70<BR>\n" );
document.write( "q = 70/14<BR>\n" );
document.write( "q = 5 items (sweaters) sold will give equilibrium <BR>\n" );
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document.write( "b. Find the equilibrium price.<BR>\n" );
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document.write( "Substitute 5 for q in either equation to find the price<BR>\n" );
document.write( "p = 9q + 6<BR>\n" );
document.write( "p = 9(5) + 6<BR>\n" );
document.write( "p = 45 + 6<BR>\n" );
document.write( "p = $51 <BR>\n" );
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document.write( "Doing the same in the demand equation will confirm our solution:<BR>\n" );
document.write( "p = 76 - 5q<BR>\n" );
document.write( "p = 76 - 5(5)<BR>\n" );
document.write( "p = 76 - 25<BR>\n" );
document.write( "p = $51<BR>\n" );
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document.write( "Does this make sense to you now?  </SPAN>\n" );
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