SOLUTION: Still having a little trouble with functions. Question is:
Let the supply and demand function for sweaters in dollars be;
supply: p=9q+6
demand: p=76-5q
a. Find the equalibrium
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-> SOLUTION: Still having a little trouble with functions. Question is:
Let the supply and demand function for sweaters in dollars be;
supply: p=9q+6
demand: p=76-5q
a. Find the equalibrium
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Question 101815: Still having a little trouble with functions. Question is:
Let the supply and demand function for sweaters in dollars be;
supply: p=9q+6
demand: p=76-5q
a. Find the equalibrium demand
b. Find the equalibrium price
Thank you for all your help Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! Let the supply and demand function for sweaters in dollars be;
supply: p=9q+6
demand: p=76-5q
a. Find the equalibrium demand
9q+6 = 76-5q
14q = 70
q = 5
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b. Find the equalibrium price
p = 9q+6
p = 9*5+6
p = $51
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Cheers,
Stan H.
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