The weekly demand of fresh oranges, as measured by number of oranges, for a household depends...

 

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The weekly demand of fresh oranges, as measured by number of oranges, for a household depends on the price of orange (in dollars) and can be approximated by q(p) = 20-p. Suppose that the supply of oranges also depends on the price at can be approximated by q(p) = 10 + 9p. a) What the natural domain of the price of orange (2 points) b) Determine the equilibrium price in dollars (3 points) c) Determine the equilibrium number of oranges (3 points) The weekly demand of fresh oranges, as measured by number of oranges, for a household depends on the price of orange (in dollars) and can be approximated by q(p) = 20-p. Suppose that the supply of oranges also depends on the price at can be approximated by q(p) = 10 + 9p. a) What the natural domain of the price of orange (2 points) b) Determine the equilibrium price in dollars (3 points) c) Determine the equilibrium number of oranges (3 points)

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