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12 Nov 2019
The quantity demanded x each month of Russo Espresso Makers is 250 when the unit price p is $140; the quantity demanded each month is 750 when the unit price is $120. The suppliers will market 750 espresso makers if the unit price is $60. At a unit price of $80, they are willing to market 2250 units. Both the demand and supply equations are known to be linear. (a) Find the demand equation. p = â.04(xâ250)+140 Correct: Your answer is correct. (b) Find the supply equation. p = x 75â+50 Correct: Your answer is correct. (c) Find the equilibrium quantity and the equilibrium price. equilibrium quantity Incorrect: Your answer is incorrect. units equilibrium price $ Incorrect: Your answer is incorrect.
The quantity demanded x each month of Russo Espresso Makers is 250 when the unit price p is $140; the quantity demanded each month is 750 when the unit price is $120. The suppliers will market 750 espresso makers if the unit price is $60. At a unit price of $80, they are willing to market 2250 units. Both the demand and supply equations are known to be linear. (a) Find the demand equation. p = â.04(xâ250)+140 Correct: Your answer is correct. (b) Find the supply equation. p = x 75â+50 Correct: Your answer is correct. (c) Find the equilibrium quantity and the equilibrium price. equilibrium quantity Incorrect: Your answer is incorrect. units equilibrium price $ Incorrect: Your answer is incorrect.
Sixta KovacekLv2
22 May 2019
