The demand for watches is given by p= 7000 - 2q dollars and the supply of watches is given by p = 0.01q2 + 2q + 1000 dollars where q is the number of watches demanded and supplied when the price per watch is p dollars.  Based on the information provided calculate the equilibrium quantity and the equilibrium price for watches.

Q: The demand and supply for soft drinks are given by Q = 20 – P and Q = 3P, respectively. 1. Solve for…

A: Demand function, Q=20-PSupply function, Q=3P

Q: The municipality of Muscat is planning to build a huge monument, buying marble from the domestic…

A: Given demand function Q=25−0.2P and Supply function Q=−5+P At equilibrium: demand = supply 25-0.2P =…

Q: Automobile firms can use their inputs to make hybrid cars or "regular" (non-hybrid) cars. If the…

A: Supply Curve: - supply curve is the graphical way of showing the relationship between the quantity…

Q: Last year, 1000 gallons of almond milk (a non-dairy product) were sold at a price of $10. Yet, this…

A: When almond milk “a non dairy product” harvest has been destroyed in California, it resulted in…

Q: The demand for leather bags is P= 400 –4Qp- The supply of leather bags is P = 125 + 5Qs. What is the…

A: The market is a place which consists of the buyers and the sellers who decides a price of the good…

Q: QUESTION 4 If the demand equation for an item is D(x) = -5.0x + 80 and a supplier is willing to…

A: Equilibrium is achieved at a point where demand curve intersects the supply curve.

Q: Given that the U.S. government mandates the use of ethanol as a partial substitute for gasoline (10%…

A: The market supply curve of a commodity can shift as a result of a change in technology, resource…

Q: Market research

A: Equilibrium is the position in a market where quantity demand and quantity supply is equivalent to…

Q: The quantity demanded of Fitbit devices is 8,025 units when the price is $260. At a unit price of…

A: Note:- Since we can only answer up to three subparts, we'll answer the first three. Please repost…

Q: What is the Quantity Demanded of coffee in this initial state? thousands of 8 oz cups What is the…

A: Below is the edited graph:

Q: “Decreasing the supply of crude oil raises the crude oil price. When the crude oil price goes up,…

A: In economics, the concept of demand and supply is widely used to determine the market outcome as any…

Q: Using the supply and demand functions below, derIve the demand and supply curves if Y = $55,000 and…

A: Given:- Demand, Q=8.5-P+0.01Y Supply, Q=9.6+0.5P-0.2Pc Y=$55,000(thousand) Pc=$13 Please find the…

Q: Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand…

A: Demand and supply function is given as  pd = -2q2  + 10 q + 3300ps = q2 + 30q

Q: An increase in the demand for notebooks raises the quantity of notebooks demanded but not the…

A: The market equilibrium is determined at the intersection of the market demand curve and the supply…

Q: The demand for cat treats is represented by the following equation: QD(P) = 300 – 50P, where QD…

A: Market equilibrium price and quantity of cat treats:Equate quantity demand and quantity supply to…

Q: At a price of $4.86 per pound, the supply for cherries is 16,205 pounds, and the demand is 10,340…

A:

Q: How is the price of gasoline determined in a competitive market? What predictions can you make about…

A: In a competitive market due to the the large number of suppliers and perfect knowledge equilibrium…

Q: Will an increase in the price of jet fuel increase or decrease the demand of airline travel and the…

A: Jet fuel and an airplane are complementary good that is it is impossible to run an airplane without…

Q: A survey by Namibian statistics agency indicated that kapana is Namibian favourite. For each of the…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: If the price of rice per Kg increases from Rs 200 to Rs 300, the quantity demand reduced from 10 Kg…

A: Demand is the willingness and ability of consumers for consuming and buying goods and services at…

Q: 100+3P   and    Qd = 400 - 2P where Qs is Quantity supplied and  Qd is quantity demanded and P is…

A: Supply and demand are equivalent in case of Equilibrium stage, and Qd=Qs. In given case:

Q: The demand for air conditioners is P=3,500 - 100Q, The supply of air conditioners is P=2,500+40Q.…

A: Market equilibrium Market equilibrium refers to a condition at which quantity demanded of a…

Q: can  you  answer D

A:

Q: What effect will each of the following have on the supply of auto tires?    A technological advance…

A: A technological advance in the methods of producing tires     Supply will increase

Q: = A new chemical cleaning solution is introduced to the market. Initially, the demand is QD 1,000 -…

A: Given,  The equilibrium will occur when Quantity demanded is equal to quantity supplied…

Q: An economist estimates that a market has a demand curve of the form P = 26 - (0.867) Q and a supply…

A: Given  Demand equation: P=26-0.867Q…

Q: Consider a mid-sized southwestern college town where the demand for liquor is described by the…

A: Here the demand function after harsher punishment is implemented , QD = 1325 - 75P Since many…

Q: Supply and Demand for a good are given by the equations below. What is the equilibrium price and…

A: Given: Demand equation P = 130-3Qd Supply equation P = 10+Qs

Q: If the price of rice per Kg increases from Rs 200 to Rs 300, the quantity demand reduced from 10 Kg…

A: Answer to the question is as follows :

Q: At a price of $60 there is demand for 504 items and a supply of 240 items.  At a price of $110 there…

A: The quantity demanded of the good is generally defined as the amount of the commodity the consumers…

Q: Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand…

A: Equilibrium is a point where both the demand and supply are equal and it is the intersection point.

Q: The demand for pizza is qd= 20 -2*p The supply of pizza is qs=-10 +3*p The equilibrium price equals…

A: Equilibrium quantity is stated to be as the situation where actually there is actually no shortage…

Q: Suppose that the price-demand and the price-supply equations are given respectively by the…

A:

Q: The supply curve for televisions is given by QS=−20+4p where QS represents the quantity of…

A: Market Equilibrium is a point where the demand curve and supply curves intersect each other in the…

Q: $10 $8 $6 $5 D 210 248 286 305 QD

A: Price of the soap is given on y axis and quantity of soap on x axis. When the price is $10,210…

Q: An economist estimates that a market has a demand curve of the form P = 37-(1.23) Q and a supply…

A: Economic market equilibrium happens when the degrees of supply and demand adjust, making ideal…

Q: Using the supply and demand functions​ below, derive the demand and supply curves if Y=​$55,000 and…

A:

Q: Question 44 In the market for corn, a natural disaster destroys must of the crop.…

A: Market equilibrium refers to that situation when the demand of a commodity is equal to the supply of…

Q: Consider the supply and demand for electric cars. If the materials used to make specifically…

A: The demand curve of a good shows the quantity demanded of a good at every possible price level and…

Q: What effect will each of the following have on the supply of auto tires?a. A technological advance…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Fill in the blanks by typing 'at most', 'at least', or 'equal to'. To receive credit, make sure to…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: What effect will each of the following have on the supply of auto tires? a. A technological advance…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Consider the demand for soap shown in Figure 1 above. What is the quantity demand for soap if the…

A: Demand curve is the representation of the price and quantity demanded relationship. It is been…

Q: If the supply and demand functions for a commodity are given by p – q = 10 and q(2p - 10) = 1000,…

A: Equilibrium is at a particular price where quantity supplied  equals quantity demanded.

Q: At a price of $1.94 per bushel, the supply of corn is 9,800 million bushels and the demand is 9,300…

A: The slope of the supply equation:  m=p2-p1q2-q1   =1.94-1.829500-9300   =0.12200m=0.0006   Thus, the…

Q: Which of the following might lead to an increase in the equilibrium price of jelly and a decrease in…

A: When the equilibrium point in a market for a product changes, it could mean that the product's…

Q: (c) The demand for watches is given by p = 7000 -2q dollars, and the supply of watches is given by p…

A: The demand for watches is given by: p= 7000-2q The supply of watches is given by  p= 0.01q2 + 2q +…

Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.