Find the equilibrium point of the demand and supply equations. Demand is p = 370 0.0003x Supply is p = 136 +0.0006x (x, p) =?

Suppose a market with two customers. Their demands are specified by: Q1 = 100 - 2P  and Q2 = 150 - 3P. The market supply equations is:  Supply: Qs = 9P. What is the equilibrium quantity in the market?

Given these supply and demand relationships drawn, if the actual price is $14, which of the following statements are TRUE?     At $14, the demand is 16     At $14, the quantity demanded is 16     The equilibrium quantity s 12     At $14, the quantity supplied is 16     The equilibrium quantity is 16     At $14, the supply is 16     The equilibrium price is $14     At $14, the quantity supplied is 9     At $14, the supply is 9     The equilibrium price is $17     At the equilibrium price supply and demand would be equal     At a price of $17, the quantity demanded and quantity supplied would be equal     At $14 there is a market shortage of 7 units     At $14 there is a market shortage of 4 units     At $14 there is a market surplus of 7 units.     Supply and Demand are equal at P=17.

A change in quantity supplied involves a new supply curve resulting from a shift in the supply curve either inward or outward, leading to a new equilibrium point between demand and supply.

The market for cake is shown with the following supply and demand function.   Demand:  Q = 7500 - 500P Supply:  Q = -500 + 500P   The market price needs to be above ____ before firms would begin start producing cake.

If supply is upward sloping, a decrease in demand with no change in supply will lead to a(n) _____ in equilibrium quantity and a(n) _____ in equilibrium price

If the demand equation of a product is p= 210-g and the supply equation for a product is p= 29+2 then, the equilibrium price equals

Suppose the supply and demand equation are given as follow: Demand: Qd=112-3*p Supply: Qs=22+1*p What's the equilibrium quantity?

Gasoline for cars is produced in a market. There are equations for the Supply and Inverse Demand of car gasoline that model its Supply and Demand graph. These equations are (for supply), P = 20 + Qs, and (for Inverse Demand), P = 80 - Qd. Due to gasoline shortages, some sellers may be able to get access to more gasoline and produce it better than others. As a result, the federal government placed a quantity restriction of 15 units on the sellers.  (Part I) Draw the market equilibrium with the government intervention (Q** and P**) of the quantity restriction. Please label the graph for slopes, the equilibrium point, etc. (Part II) What is the market equilibrium without the intervention of the government? (Part III) The government decided that the previous quantity restriction was not sufficient. So, it increased the restriction from 15 units to 20 units. Consequently, what is the new market equilibrium point with this new intervention? It is not necessary to label this point on the…

Find the equilibrium price if the price-demand equation is p=D(x)=23-1/20x, and the price-supply equation is p=S(x)=8+1/8,000x2