The graphs given below represent the weekly demand function and supply function respectively for the stylus...

 

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The graphs given below represent the weekly demand function and supply function respectively for the stylus pen. Price (RM) Price (in RM (12.116) Quantity (in thousand units) (19,188) Quantity (in thousand units Your company is a manufacturer for stylus writing pen for tablet. Your company will not produce any pen if the price per unit is RM112 or lower. For each RM1 decreases in unit price, the quantity demanded increases by 250 units. The maximum production capacity for the company is 21,000 units per week. Both the demand and supply functions are assumed to be linear. Let be the quantity of stylus pen in thousand units and be the price in Ringgits Malaysia (RM), solve the following questions by applying linear mathematical model, to the situation. a) Find the supply equation. Interpret the slope and intercept(s) for the supply equation. b) Find the demand equation. interpret the slope and intercept(s) for the demand equation. c) Find the equilibrium quantity and price (Give your answer as nearest integer). d) Sketch the graph of both functions using computer- based graphing software. Label the equilibrium point, intercepts and equations. e) Find the quantity status (surplus or shortage) at the price of RM136 and RM176 by calculation. Use a graph to explain your answer. The graphs given below represent the weekly demand function and supply function respectively for the stylus pen. Price (RM) Price (in RM (12.116) Quantity (in thousand units) (19,188) Quantity (in thousand units Your company is a manufacturer for stylus writing pen for tablet. Your company will not produce any pen if the price per unit is RM112 or lower. For each RM1 decreases in unit price, the quantity demanded increases by 250 units. The maximum production capacity for the company is 21,000 units per week. Both the demand and supply functions are assumed to be linear. Let be the quantity of stylus pen in thousand units and be the price in Ringgits Malaysia (RM), solve the following questions by applying linear mathematical model, to the situation. a) Find the supply equation. Interpret the slope and intercept(s) for the supply equation. b) Find the demand equation. interpret the slope and intercept(s) for the demand equation. c) Find the equilibrium quantity and price (Give your answer as nearest integer). d) Sketch the graph of both functions using computer- based graphing software. Label the equilibrium point, intercepts and equations. e) Find the quantity status (surplus or shortage) at the price of RM136 and RM176 by calculation. Use a graph to explain your answer.

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The graphs provided are for the weekly demand and supply functions for a stylus pen shown linearly We are given several pieces of information The company will not produce the pen if the price per unit ... View the full answer