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If Qs = -20 + 10p, and Qd = 400 - 20p, what is the
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- a) What is the inverse demand function? b) If the current price is optimal what is then MC?How do I plot Qd=150-3p and Qs=p-10 on a demand and supply curve? How to find equilibrium point?Suppose the demand for a certain item is given by D(p) = - 2p? - 4p + 500, where p represents the price of the item in dollars. a. Find the rate of change of demand with respect to price b. Find and interpret the rate of change of demand when the price is $8. a. The rate of change of demand with respect to price is- (Simplify your answer.) b. Choose the correct answer below and fill in any answer boxes in your choice. O A. When the price is $8, demand is increasing at a rate of about items for each increase in price of $8. O B. When the price is $8, demand is decreasing at a rate of about items for each increase in price of $8. OC. When the price is $8, demand is decreasing at a rate of about items for each increase in price of $1. O D. When the price is $8, demand is increasing at a rate of about items for each increase in price of $1.
- If Qd = 30 - 2P and Qs = 5 + 3P, where Qd is the quantity demanded, Qs is quantity supplied, and P is the price. What is the equilibrium quantity?Refer to the market demand and supply functions below: Qd=71,000 – 2,000P Qs = - 25,000 +25,000P What is the equilibrium price (Pe)? Round off to 6 decimals.If the demand and supply curve for computers is: D = 100 - 6P, S = 28 + 3P Where P is the price of computers, what is the quantity of computers bought and sold at equilibrium?
- From the following demand and supply equation find the equilibrium price (ePx); Qdx= 38.1Px-387.6 and Qsx= 17.4Px+129.8 Select one: a. -0.08 b. 538.10 c. 25.00 d. 9.32Q: How does the equilibrium price of a product vary if the demand for this product does not change and at the same time the production costs increase?Suppose the demand and supply of tea are modeled by the two following functions: Q = 8P + 11 Q = -65P+ 109 What is the equilibrium price of tea? Round your answer to two places after the decimal point (0.01).