Find the market equilibrium point for the following demand and supply functions.   Demand: 2p= -q+45 Supply: 3p-q=20

Suppose consumers will demand 40 units of a product when the price is RM12.75 per unit and 25 units when the price is RM18.75 each. Find: The demand function. i) ii) 1) iv) Price per unit when 37 units are demanded Quantity (units) demanded when the price is RM20.00. The equilibrium point if the supply equation is p = q - 0.75

Assume that the demand curve D(p) given below is the market demand for widgets: Q = D(p) = 1183-12p, p > 0 Let the market supply of widgets be given by: Q = S(p) = -5 + 10p, p > 0 where p is the price and Q is the quantity. The functions D(p) and S(p) give the number of widgets demanded and supplied at a given price. What is the equilibrium price? Please round your answer to the nearest hundredth. What is the equilibrium quantity? Please round your answer to the nearest integer. What is the total revenue at equilibrium? Please round your answer to the nearest integer

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

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.

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?

The weekly demand for wine in the United States is described by the following equation:  Qd = 45,000,000 - 1,500,000P where Qd is the weekly quatity demanded in bottles and P is the price per bottle in dollars. The weekly supply of wine in the United States is described by the following equation:  Qs = -5,000,000 + 1,000,000P where Qs is the weekly quantity supplied in bottles and P is the price per bottle in dollars.  a. What is the equilibrium price and quantity for wine in the US? Intense lobbying efforts result in the United States government establishing a $5 per bottle excise tax by wine producers. b. What would be the new equilibirum price and quantity after the imposition of the per bottle excise tax? c. Determine the total amount of the consumer surplus assuming the market for wine is in equilibrium after the imposition of the excise tax.

Determine a scenario where the demand curve would shift (either increase or decrease).

The market equilibrium point for a product is reached when 6000 units are produced and sold at $21 per unit. The manufacturer will not produce any units at the price of $5, and the customers will not buy any at the price of $69.  Find the supply and demand equations, assuming they are linear. The equations should express price p  in terms of quantity q. a. Supply equation P= b. Demand equation P=