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algebra help, confused as to what they are asking me to put in, considering I thought I already found the p1 q1 and p2 q2
algebra help, confused as to what they are asking me to put in, considering I thought I already found the p1 q1 and p2 q2 intercept?
Stutz Department Store will buy 10 pairs of sunglasses if the price is $94 per pair and 30 pairs if the price is $44. The supplier of the sunglasses is willing to provide 35 pairs if the price is $99 per pair but only 5 pairs if the price is $39. Assuming that the supply and demand functions for the sunglasses are linear, find the market equilibrium point. Step 1 Find the two ordered pairs for the demand function in the form (q, p). List your answers from smallest q to largest (q, p) = 10,94 10, 94 (30,44 (q, p) 30, 44 Step 2 Find the slope m of the demand function m -2.5 -2.5 Step 3 Find the demand function in terms of q p -2.5q + 119 119 2.5q Step 4 Find the two ordered pairs for the supply function in the form (q, p). List your answers from smallest q to largest ) (5,10 (q, p) (30,35 (q, p) X Skip (you cannot come back) Submit Stutz Department Store will buy 10 pairs of sunglasses if the price is $94 per pair and 30 pairs if the price is $44. The supplier of the sunglasses is willing to provide 35 pairs if the price is $99 per pair but only 5 pairs if the price is $39. Assuming that the supply and demand functions for the sunglasses are linear, find the market equilibrium point. Step 1 Find the two ordered pairs for the demand function in the form (q, p). List your answers from smallest q to largest (q, p) = 10,94 10, 94 (30,44 (q, p) 30, 44 Step 2 Find the slope m of the demand function m -2.5 -2.5 Step 3 Find the demand function in terms of q p -2.5q + 119 119 2.5q Step 4 Find the two ordered pairs for the supply function in the form (q, p). List your answers from smallest q to largest ) (5,10 (q, p) (30,35 (q, p) X Skip (you cannot come back) SubmitStep by Step Solution
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