suppose we have been given the following: A product has the following market equation, Qd=a-bp and Qs=c+dp. Suppose that Qd is quantity of demand in packets of biscuit. Qs is quantity of supply in packets of biscuit. a"=120; b"=15; c"=-5; d"=10; and p" is the price of the goods. Given the above data, calculate. a. The equillibrium price. b. The equillibrium quantity c. the price at which quantity supplied will be equal to zero d) the point elasticity of demand at the equilibrium price. e) the point elasticity of supply at the equilibrium price.
The population P (in thousands) of Charlotte, North Carolina from 1980 through 2013 can be modeled by P = 321e0.0275t where t = 0 corresponds to 1980.ā (Round your answers to the nearest whole number.) (a) What was the population of Charlotte in 2013?
