let x represents the number of items supplied or demanded each month and p represents the...

Transcribed Image Text:

let x represents the number of items supplied or demanded each month and p represents the unit price of the items (in dollars). Equation A is -2x + 5p = 65 and Equation B is 6x + 4p = 600. Answer each of the following. Enter all answers below in exact, reduced form. A) Which equation is the demand equation? (Equation A | Equation B) is the demand equation because it has a (Negative | Positive) B) How many items will consumers purchase if the items are free? Items C) Above what price (in dollars) will consumers not buy the item? S D) Producers will only provide the items if the price is above what value (in dollars)? S let x represents the number of items supplied or demanded each month and p represents the unit price of the items (in dollars). Equation A is -2x + 5p = 65 and Equation B is 6x + 4p = 600. Answer each of the following. Enter all answers below in exact, reduced form. A) Which equation is the demand equation? (Equation A | Equation B) is the demand equation because it has a (Negative | Positive) B) How many items will consumers purchase if the items are free? Items C) Above what price (in dollars) will consumers not buy the item? S D) Producers will only provide the items if the price is above what value (in dollars)? S

Answer rating: 100% (QA)

A To determine which equation is the demand equation we need to look for the equation where the coef... View the full answer