Business, 19.03.2021 03:20 Izzyfizzy

Suppose that the supply function for honey is p=S(q)=0.4q+2.8, where p is the price in dollars for an 8-oz container and q is the quantity in barrels. Suppose also that the equilibrium price is $4.80 and the demand is 4 barrels when the price is $6.90. Find an equation for the demand function, assuming it is linear.

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Suppose that the supply function for honey is p=S(q)=0.4q+2.8, where p is the price in dollars for...

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