If the equation for a market demand curve is Qd = 15 – 1/5P and the equation for a market supply curve is Qs = –1 + 3/5P, the market equilibrium price will be?

Suppose that the annual demand and supply curves for some good in a competitive market are QD = 26 – 2P and QS = −2 + 2P a: Solve for the equilibrium quantity and price.b: Neatly graph this market, showing the horizontal and vertical intercepts of the demand curve,the vertical intercept of the supply curve, and the equilibrium. Make sure to put quantity on the horizontalaxis.

Suppose the demand function for avocados is Q=104-40p + 20p₁ +0.01Y, where p is the price of avocados, p, is the price of tomatoes, and Y is average income, and the supply function for avocados is where p, is the price of fertilizer. Suppose p = $0.80, Y = $4,000, and p = $0.40. What is the equilibrium price and quantity of avocados? The equilibrium price of avocados is and the equilibrium quantity is Q=58+15p -20pf, and the equilibrium quantity is p=$2 Q = 80 units. (Enter your responses rounded to two decimal places.) Suppose the government charges a $2.20 specific tax per avocado to be paid by consumers. With the tax, the equilibrium price of avocados is p=$ Q= units.

Suppose the supply and demand equation are given as follow: Demand: Qd=150-3*p Supply: Qs=18+3*p What's the equilibrium price?

Consider the market for sweet cherries in the Yakima Valley in Washington. The following are the equations of the supply and demand curves for sweet cherries in the Yakima Valley: Pd=452-Qd or Qd-452-Pd Ps=(1/450) * Qs+1 or Qs=450 * Ps-450=450 * (Ps-1) In these equations, P is the Price/lb of sweet cherries in the Yakima Valley, and Qd and Qs are the quantity demanded and the quantity supplied of cherries in milliion lbs per year.  a) complete the table to find the Qd, Qs b) what are the equilibrium P and Q of cherries?  c) Suppose that the P of sour cherries, a substitute of the sweet cherries, decreases. As a result the D curve for sweet cherries shifts, and the new D curve is given by the following equation: P=361.8-Qd or Qd-361.8-P Fill the Qd_d column of the table with your answers.

Suppose the supply and demand equation are given as follow: Demand: Qd=116-4*p Supply: Qs=23+2*p What's the equilibrium price?