Given the supply and demand functions determine the equilibrium price and quantity. P = Q + 20s
Question:
Given the supply and demand functions
determine the equilibrium price and quantity.
Transcribed Image Text:
P = Q + 20s + 7 P = -Q, + 25
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (10 reviews)
In equilibrium Qs DQ so the supply and demand equa...View the full answer
Answered By
Sultan Ghulam Dastgir
The following are details of my Areas of Effectiveness English Language Proficiency, Organization Behavior , consumer Behavior and Marketing, Communication, Applied Statistics, Research Methods , Cognitive & Affective Processes, Cognitive & Affective Processes, Data Analysis in Research, Human Resources Management ,Research Project,
Social Psychology, Personality Psychology, Introduction to Applied Areas of Psychology,
Behavioral Neurosdence , Historical and Contemporary Issues in Psychology, Measurement in Psychology, experimental Psychology,
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
The supply and demand for a product are given by 2p - q = 50 and pq = 100 + 20q, respectively. Find the market equilibrium point?
-
The supply and demand curves for a new widget are shown in the graph. Notice there are two demand curves. The original demand curve is d1. Months after the product was introduced, there was a...
-
(1) Without using your calculator, evaluate (a) 8 2 (b) 2 1 (c) 3 1 (d) 17 0 (e) 1 1/5 (f) 36 1/2 (g) 8 2/3 (h) 49 3/2
-
How would you compare the value of direct definition from friends in face-to-face conversation and strangers comments on a YouTube posting?
-
Kandel Company had the following data available for 2016 (before making any adjustments): Accounts receivable, 12/31/16 ............................ $320,100 (Dr.) Allowance for doubtful accounts...
-
An experiment was performed to compare the fracture toughness of high-purity 18 Ni maraging steel with commercial-purity steel of the same type (Corrosion Science, 1971: 723-736). For m = 32...
-
Explain the purpose of a business and describe how businesses are organised and structured.
-
Steve and Sue are married with three dependent children. Their 2016 joint income tax return shows $389,000 of AGI and $60,000 of itemized deductions made up of $30,000 of state income taxes and...
-
H&M Manufacturing Company's records show the following account balances as of June 30, 2015. Cash Raw Materials Work in Process Accounts Payable (credit) Factory overhead The following transactions...
-
A bridged-T network is often used in AC control systems as a filter network [8]. The circuit of one bridged-T network is shown in Figure P2.8. Show that the transfer function of the network is Sketch...
-
Given the quadratic supply and demand functions determine the equilibrium price and quantity. P = Q + 2Qs + 12 P = -Q% 4Qp + 68 |
-
A clothing supplier sells T-shirts to retailers for $7 each. If a store agrees to buy more than 30, the supplier is willing to reduce the unit price by 3 cents for each shirt bought above 30, with a...
-
We discussed various audit quality initiatives. An example of an audit quality initiative is the Standards Working Group of the Global Policy Committee (comprising BDO, Deloitte Touche Tomatsu, Ernst...
-
What criticisms are commonly made about the best interest standard?
-
Post-Palmore, can race and culture ever be taken into account when deciding custody? Explain.
-
What is meant by imputed or attributed income, and when is this concept used?
-
The dissenting Justices in Obergefell claimed that the plaintiffs were not seeking to "exercise the right to marry," but were instead seeking to exercise a novel and nonexistent right to enter into...
-
What did the Supreme Court say in Palmore about the role of race in custody disputes?
-
The member has a square cross section and is subjected to the moment M = 850 N m. Determine the stress at each corner and sketch the stress distribution. Set θ = 45°. 25 mm 125 mm...
-
6 (a) Briefly develop a mathematical model of the behaviour of a copper-twisted pair cable (b) Derive the magnetic energy from: w given that: K + w, where the - - k symbols have their usual meaning...
-
In Problem, write each system as a matrix equation and solve using inverses. x1 - x3 = k1 2x1 - x2 = k2 x1 + x2 - 2x3 = k3 (A) k1=4, k2=8, k3= 0 (B) k1:, = 4,k2 = 0,k3= -4 (C) k1=0,k2=8,k3=-8
-
In Problem, explain why the system cannot be solved by matrix inverse methods. Discuss methods that could be used and then solve the system. -2x1 + 4x2 = 5 6x1 - 12x2 = 15
-
In Problem, explain why the system cannot be solved by matrix inverse methods. Discuss methods that could be used and then solve the system. -2x1 + 4x2 = 5 6x1 - 12x2 = 15
-
Below diagram shows an EER diagram for a university dining service organization that provides dining services to a major university. 1. help to Transform the EER diagram to a set of relations and...
-
ABC Company manufactures a single product, the claud. The following budgeted figures relate to the claud for a one year period. Sales & productions (units) 1,600 Sales $32,000 Productions costs:...
-
ABC costing is used more in manufacturing than in service industries. which service and manufacturing companies would be ideal to use ABC costing? Why?
Study smarter with the SolutionInn App