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

If the supply function for a commodity is p = q2 + 4q + 16 and the demand function is p = −8q2 + 7q + 436, find the equilibrium quantity and equilibrium price.

The supply and demand curves for a product are given by p=S(q)= 300+ 40q, p=D(q)= 1000-50 q, where p is the price and q is the quantity of the product. The equilibrium price p* and the equilibrium quantity q* are

If the demand function for a commodity is given by the equation  p2 + 4q = 1200  and the supply function is given by the equation  700 − p2 + 10q = 0,  find the equilibrium quantity and equilibrium price. (Round your answers to two decimal places.)

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

At a price of $2:29 per bushel, the supply of a certain grain is 7500 million bushels and the demand is 7600 million bushels. At a price of $2.4 per bushel, the supply is 7000 million bushels and the demand is 7500 million bushels (A) Find a price-supply equation of the form p mxb, where p is the price in dollars and x is the supply in milions of bushels (B) Find a price-demand equation of the form p mx +b, where p is the price in dollars and x is the demand in millions of bushels (C)Find the equilibrium point (D) Graph the price-supply equation, price-demand equation, and equilibrium point in the same coordinate system. (A) The price-supply equation is p (Type an exact answer) -CTD

Q = a + bP + cM In the demand function above, Q is quantity demanded, P is the price of this good, and M is consumer income. The parameter, b, is the effect on Q of change in P: b ΔQ /ΔΡ Using this relationship for b, find an expression for the price elasticity of demand (E). Select one: O a. E = b(Q/P) O b. E = b(P/Q) %3D O c. E = b(AQ /AP) %3D O d. E = b + (P/Q)

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

Answer the following questions for the price-demand equation. =50 p+0.002x 5 (A) Express the demand x as a function of the price p. x=