Question
Q D = 3,000 10P Q S = -1,000 + 10P Where Q is the number of businesses that need services and P is the
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?
QS= -1,000 + 10P
c.Plot the supply and demand curves
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
