A group of wholesalers will buy 50 dryers / month if the price is $ 200...

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A group of wholesalers will buy 50 dryers / month if the price is $ 200 $ and 30/month if the price is $ 300 , the manufacturer is willing to supply 20 if the price is $ 210 and $ 30 if the price is $ 230 .Assuming that the resulting supply and demand are linear find the equilibrium point of manufacture ,if the wholesaler is taxed $14 per unit what is the new equilibrium point. A group of wholesalers will buy 50 dryers / month if the price is $ 200 $ and 30/month if the price is $ 300 , the manufacturer is willing to supply 20 if the price is $ 210 and $ 30 if the price is $ 230 .Assuming that the resulting supply and demand are linear find the equilibrium point of manufacture ,if the wholesaler is taxed $14 per unit what is the new equilibrium point.

Answer rating: 100% (QA)

Represent price by p and quantity by p we can write the equations for the supply and demand f... View the full answer