Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 10, 2024

Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given. Supply: p =55q Demand: p= =q + 8,750

Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given. Supply: p =55q Demand: p= =q + 8,750 The equilibrium quantity is q at price p=

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fractals Everywhere

Authors: Michael F Barnsley

2nd Edition

148325769X, 9781483257693

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Information for 2016: 1. Sales forecast: January: 2,100 units; February: 2,900 units; March: 3,300 units; April: 3,500 units. The unit sales price is $50. All sales are on credit and collections are...

Answered: 1 week ago

Question

★★★★★

Grande Co. had credit sales of $20,000 in the current period. Accounts Receivable had a beginning balance of $4,000 and an ending balance of $5,000. Compute its cash collections from its credit sales...

Answered: 1 week ago

Question

★★★★★

What could Jean do to break the Facebook habit?

Answered: 1 week ago

Question

★★★★★

Terry and Jessica Benedict invested $6,000 in a savings account paying 4% annual interest when their daughter, Kristi, was born. They also deposited $1,000 on each of her birthdays until she was 18...

Answered: 1 week ago

Question

★★★★★

Youve observed the following returns on SkyNet Data Corporations stock over the past five years: 17 percent, 15 percent, 19 percent, 29 percent, and 10 percent. Suppose the average inflation rate...

Answered: 1 week ago

Question

★★★★★

A closed surface is constructed in the space between two large parallel metal plates, where there is a constant electric field E. The magnitude of the field is |E| = 1530 N/C. The numbers (1), (2),...

Answered: 1 week ago

Question

★★★★★

Which of the following best describes recent job growth in the service sector? A ) The service sector has generated almost all new jobs in the American economy since the mid 1 9 8 0 s , but the rate...

Answered: 1 week ago

Question

★★★★★

Briefly answer the following questions: 1. What information is required before data can be encapsulated? 2. What happens when a frame is forwarded to a destination to which it is not intended? How...

Answered: 1 week ago

Question

★★★★★

1. What are the diagnoses of Global Leadership? 2. What solution would you offer based on the definition of Global Leadership?

Answered: 1 week ago

Question

★★★★★

Briefly explain the following paragraph. Recommendations for Access Point and Antenna Placement: The following recommendations are made for the placement of the access point and antenna: The access...

Answered: 1 week ago

Question

★★★★★

Echuca Corporation manufactures microcomputer. To manufacture microcomputer, Echuca Corporation set up the machines and moulds. Set-up overhead costs consist of some costs that are variable and some...

Answered: 1 week ago

Question

★★★★★

How can you detect intrusions to your networks and prevent them? Do you think digital forensics and contingency planning are enough to solve the problem or do you need more technologies? Justify your...

Answered: 1 week ago

Question

★★★★★

At a team meeting Director Kate spoke about the need for the whole team to be committed to sustainable practices. Kate reflects on her role and how she can influence practices and how she can get the...

Answered: 1 week ago

Question

★★★★★

What isa post-investment audit? Why is it important? njuy8

Answered: 1 week ago

Question

★★★★★

What is the essence of the discounted cash-flow method? lop

Answered: 1 week ago

Question

★★★★★

Comparison of approaches to capital budgeting. (22-25 minutes) Bayern-Bauwerk is thinking of buying, at a cost of EUR 220,000, some new packaging equipment that is expected to save EUR 50,000 in...

Answered: 1 week ago

Previous Question Next Question