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Suppose the price and supply of the watch are related by the following equation, where p is the price (in dollars) and q is
Suppose the price and supply of the watch are related by the following equation, where p is the price (in dollars) and q is the quantity supplied (in hundreds) of watches. p = S(q) = 0.75q Answer parts e through g. e. Find the quantity supplied at a price of $0. At a price of $0, the supply is watches. f. Find the quantity supplied at a price of $20. At a price of $20, the supply is about| watches. (Round to the nearest whole number as needed.) g. Graph p = S(q) = 0.75q on the same axis used to graph p = 16-1.25q in part d. Choose the correct graph below. A. AP 35- B. AP 35- C. Ap 35- 0 20 0 20 b 0 20 9 G D. AP 35- Q G 0 20 h. Given that the demand function is p - D(q) = 16-1.25q and that the supply function is p = S(q) = 0.75q, find the equilibrium quantity and the equilibrium price. The equilibrium quantity is The equilibrium price is $ watches.
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