Question 1188049: 1.When the market price is $4, producers will not be willing to furnish any units of the product, but for each $1 increase in price, producers will be willing to supply an additional 12 units. Assuming a linear relationship, find the (inverse) supply equation
2.Supplier of bicycles will make 200 bicycles available in the market per month when the unit price is $50, and 2,000 bicycles available per month when the unit price is $100.
A) Find the (inverse) supply equation if it is known to be linear.
B) Find the price at which the supplier will stop supplying bicycle.
C) What happens to the quantity supplied of bicycles at the price of $40 ?
3.Producer will make 2,000 refrigerators available when the unit price is $330. At a unit price of $390, 6,000 refrigerators will be marketed.
A) How many refrigerators will be marketed when the price is $450 ?
B) At or below what price will a refrigerator not be marketed ?
Answer by ikleyn(52786)   (Show Source):
You can put this solution on YOUR website! .
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