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1) Alfies is a dealer in authentic MLB paraphernalia. They provide uniforms for teams and fans alike. Alfies is able to sell a team jerzy
1) Alfies is a dealer in authentic MLB paraphernalia. They provide uniforms for teams and fans alike. Alfies is able to sell a team jerzy for wholesale prices as follows: (15,000, $45) and (20,000, $40), however, MLB licensing has determined to keep jerzies at a particular price point. They have mandated their factories to sell (18,000, $30) but they will manufacture (25,000, $40). 1) Draw the graph 1) What is the Supply Equation III) What is the Demand Equation IV) What is the Equilibrium Point of # of jerzies & cost 1) Alfies is a dealer in authentic MLB paraphernalia. They provide uniforms for teams and fans alike. Alfies is able to sell a team jerzy for wholesale prices as follows: (15,000, $45) and (20,000, $40), however, MLB licensing has determined to keep jerzies at a particular price point. They have mandated their factories to sell (18,000, $30) but they will manufacture (25,000, $40). 1) Draw the graph 1) What is the Supply Equation III) What is the Demand Equation IV) What is the Equilibrium Point of # of jerzies & cost
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