Question: Can I get some help please ? I cant revise it anymore The supply equation for Tim's blue jeans is x-50p=2000 X is the quantity

Can I get some help please ? I cant revise it anymore

The supply equation for Tim's blue jeans is

x-50p=2000

X is the quantity supplied

P is the price of the jeans

The demand equation for the jeans is 100p + x = 11,000

X is the quantity demanded

P is the sale price

a.) find the equilibrium price and quantity of the blue jeans market

b.) Graph the supply and demand curves

Label the equilibrium

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Q:

Hello, I need help with these questions please: Multiple choice: _____ 1. The law of demand states that a. as price increases, quantity demanded increases. b. as price decreases, demand increases. c....

Q:

4 Files 12:47 PM Mon May 16 Insert Draw Layout Review View Unit 3Microec0nomics Name: ELASTICITY Use the space below to take notes during class. Elastic: Unit Elastic: Inelastic: Perfect...

Q:

Can you please help me solve these 10 Econ questions? I also attached the chapter just in case. Thanks so much!! :) MARKETS AND HOW THEY WORK 177 9.0 CHAPTER 9 LEARNING GOALS After reading this...

Q:

I have attached the discussion board 6 questions,scenario. and lectures for yourreview and response. I will submit a students questions for a response when I receive one. Thank You MKT500 Discussion...

Q:

a International University MAN MAN 4600 Read the following case below and answer the questions with a brief synopsis of the case as an Read the following case below and answer the questions with a...

Q:

Please read the three articles under attatched. Then answer the following questions Thank you What does Chapter 11 mean for J. Crew and Neiman Marcus? Is the shift to online shopping a permanent one?...

Q:

MGT411 Innovative and Creative Business Thinking University of Phoenix Material Organizational Ecosystem Case Study Wal-Mart Stores, Inc. is a leading company in its industry and a widely recognized...

Q:

Solve the following Short Answer (40 points - 10 points each)_Answer each of the following short answer questions in the space provided. Be concise, but do not simply use bullet-points to answer the...

Q:

Please read the question Question : What are "spaced practice", "varied practice", and "interleaved practice"? Give a definition for each. Then give an example of each from your own experience as a...

Q:

Please help with the case analysis. Need the answers in the next 4 hours. Questions to be answered: Based on the information and assumptions provided in the case, calculate the market potential for...

Q:

Read the article "Back to Basics What is Fiscal Policy" case study and write a short paper about it.

Q:

Reproduce Idekos balance sheet and statement of cash flows, assuming Idekos market share will increase by 0.5% per year; investment, financing, and depreciation will be adjusted accordingly; and the...

Q:

Assume the capital asset pricing model ( CAPM ) sets the expected return for fairly valued securities . If an analyst determines a stock's expected return by another method and that return is higher...

Q:

The following data has been collected about a company's stockholders' equity accounts: Common stock $10 par value 30,000 shares authorized and 28,000 shares issued $280,000 Contribution capital in...