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The monthly supply S(p) and demand D(p) for a video game console is given by the graphs. Complete 4500- parts a-e below. 4000- 3500 3000

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The monthly supply S(p) and demand D(p) for a video game console is given by the graphs. Complete 4500- parts a-e below. 4000- 3500 3000 2500 Quantity, 2000 1500- 1000 200 400 600 800 Selling price per unit, p a) Describe how the increased selling price of an item affects the consumer demand and producer supply. If the selling price of an item is higher than it should be, the consumer demand for the item will decrease and the producer's willingness to supply it will increase. b) Find formulas for the functions q = D(p) and q = S(p). S ( P) = D(P) = (Type expressions using p as the variable.)

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