Mathematics, 07.09.2020 20:01 jasssp
The quantity demanded x of a certain brand of DVD player is 3000/week when the unit price p is $485. For each decrease in unit price of $20 below $485, the quantity demanded increases by 250 units. The suppliers will not market any DVD players if the unit price is $350 or lower. But at a unit price of $525, they are willing to make available 2500 units in the market. The supply equation is also known to be linear. (a) Find the demand equation. p(x) = (b) Find the supply equation. p(x) = (c) Find the equilibrium quantity and the equilibrium price. PLEASE help I am totally lost on this
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The quantity demanded x of a certain brand of DVD player is 3000/week when the unit price p is $485....
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