1. The supply curve for a product is y = 300x 9000, and the demand curve is y = 100x 14000, where x represents the price and y the number of items. At price $10

* The supply will not equal demand Qd = 13,000 and Qs = 12,000 and there will be excess Demand

*The supply will not equal demand Qs = 13,000 and Qd = 12,000 and there will be excess Supply

*The supply will equal demand Qs = 13,000 and Qd = 13,000 and there will be Equilibrium

*The supply will equal demand Qs = 12,000 and Qd = 12,000 and there will be Equilibrium

2. Solve the following quadratic equations by any method. The solutions are:

f (x) = x ² 12x + 32

	a.	(X - 4)(X - 8) this means that X = 4 and -8
	b.	(X - 4)(X - 8) this means that X = -4 and -8
	c.	(X - 4)(X - 8) this means that X = -4 and +8
	d.	(X - 4)(X - 8) this means that X = +4 and +8

3.