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Mathematics, 02.10.2021 14:00 ggg509
2. There is no demand for an item when the price is $800. However, there is a demand for
100 items when the price is $600. The supplier will not provide any of the items if the unit price is
$300 or below. The supplier will provide 150 items when the unit price is $375.
a. Write the demand equation. Hint, let x be items and y be $.
b. Write the supply equation. Hint, let x be items and y be $.
c. Sketch the graph of supply and demand functions, and find the equilibrium point.
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2. There is no demand for an item when the price is $800. However, there is a demand for
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