Mary sells bottles of lemonade. The demand factor for her lemonade is given by D(q)=100-1.5q and the supply function is S(q)= .75q, where q is quantities of bottles produced. What is price paid by consumer when q=20.

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter7: Demand And Supply
Section: Chapter Questions
Problem 18AA
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Mary sells bottles of lemonade. The demand factor for her lemonade is given by

D(q)=100-1.5q and the supply function is S(q)= .75q, where q is quantities of bottles produced. What is price paid by consumer when q=20.

 

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