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1.The following relations describe monthly demand and supply for a computer support service catering to small businesses. QD = 3,000 - 10 P QS =

1.The following relations describe monthly demand and supply for a computer support service catering to small businesses.

QD = 3,000 - 10P

QS = -1,000 + 10P

where Q is the number of businesses that need services and P is the monthly fee, in dollars.

a.At what average monthly fee would demand equal zero?

b.At what average monthly fee would supply equal zero?

c.Plot the supply and demand curves.

d.What is the equilibrium price/output level?

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