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The quantity demanded x each month of Russo Espresso Makers is 250 when the unit price p is $140 ; the quantity demanded each month
The quantity demandedxeach month of Russo Espresso Makers is250when the unit pricepis$140; the quantity demanded each month is500when the unit price is$130. The suppliers will market750espresso makers if the unit price is$40. At a unit price of$70, they are willing to market3000units. Both the demand and supply equations are known to be linear.
(a) Find the demand equation.
p=
(b) Find the supply equation.
p=
(c) Find the equilibrium quantity and the equilibrium price.
equilibrium quantity ___units
equilibrium price____$
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