Let the supply and demand functions for raspberry-flavored licorice be given by  p = S(q) =  q  and  p = D(q) = 90 -  q , where p is the price in dollars and q is the number of batches. Graph these functions on the same axes (graph the supply function as a dashed line and the demand function as a solid line). Also, find the equilibrium quantity and the equilibrium price.

If the demand functions are determined as follows : (In the picture) Find : B. Draw the graph

The demand for Good X in New Bedford, MA is given by the following equation: Qd=60-40P+2I-30Py where: Qd is the quantity demanded of Good X P is the price of Good X I is income Pb is the price of Good Y Without performing any calculations, determine if Good X and Good Y are substitutes, complements, or unrelated goods.  Explain how you used the function to make this determination. Without performing any calculations, determine if Good X is a normal or inferior good.  Explain how you used the function to make this determination. On a clearly labeled graph, plot the demand curve assuming the price of Good Y is $6 and income is $700

Only typed answer and don't use chat gpt

Suppose that the demand curve for corn has the equation p = -0.29q+6.265 and the supply curve for corn has the equation p = 0.2q +2.1, where p is the price per bushel in dollars and q is the quantity (demanded or produced) in billions of bushels. (a) Find the quantities supplied and demanded when the price of corn is $3.40 per bushel. (b) Determine the quantity of corn that will be produced and the price at which it will sell. (a) The quantity supplied when the price of corn is $3.40 is (Round to the nearest whole number as needed.) billion bushels.

Suppose the demand and supply function of the item x and y are associated with each other. If qx and qy are the units produced and sold of x and y, respectively, and px and py are the corresponding prices, the demand functions are qx=7-px+py and qy=24+px-py and the supply functions are qx=-3+4px-2py and qy=-5-2px+4py. What is the equilibrium prices?

The supply and demand for a computer in a store are given for two prices: for a price of $800, the demand quanity is 50 and the supply quanity 230: for a price of $50, the demand quanity is 150 and the supply quantity 150.  Let a represent the quanity  A. Write an equation representing the demand function  B. Write an equation representing the supply function C. Find the equlibrium quantity and price

The demand for butter is given by 120-4pd and the supply is 2ps-30, where pd and ps are, respectively the price paid by demanders and the price received by suppliers. a: Draw the demand and supply functions. b: Find the equilibrium quantity and price, and show them on the graph.  c: Suppose a drought strikes that shifts the supply functions to 2ps-60. The demand remains the same. Draw the new supply function, and find the new equilibrium price and quantity.

Suppose the supply of a good is given by the equation Q = −6+2P and the demand for the good is given by the equation QD = 14 - 2P, where quantity (Q) is measured in millions of units and price (P) is measured in dollars per unit. The equilibrium quantity in this market is 4 million PRICE (Dollars per unit) the following graph, plot the demand curve using the blue line (circle symbol) and plot the supply curve using the orange line (square symbol). Then place the black point (plus symbol) at the equilibrium price and quantity. Dashed drop lines will automatically extend to both axes. 10 9 8 7 2 1 0 0 1 2 3 4 5 6 7 QUANTITY (Millions of units) 8 units and the equilibrium price is 9 10 Demand Supply $5. Equilibrium

Suppose products A and B have demand and supply equations that are related to each other. If q Subscript Upper AqA and q Subscript Upper BqB are the quantities produced and sold of A and​ B, respectively, and p Subscript Upper ApA and p Subscript Upper BpB are their respective​ prices, the table below shows the demand equations and the supply equations. Eliminate q Subscript Upper AqA and q Subscript Upper BqB to get the equilibrium prices.   demand equations supply equations q Subscript Upper AqA equals=33minus−p Subscript Upper ApAplus+p Subscript Upper BpB q Subscript Upper AqA equals=minus−77plus+66p Subscript Upper ApAminus−22p Subscript Upper BpB q Subscript Upper BqB equals=2222plus+p Subscript Upper ApAminus−p Subscript Upper BpB q Subscript Upper BqB equals=minus−33minus−22p Subscript Upper ApAplus+66p Subscript Upper BpB       Question content area bottom Part 1 The prices are p Subscript Upper ApAequals=​$   enter your response…