Asked by Tre
The quantity demanded x each month of Russo Espresso Makers is 250 when the unit price p is $170; the quantity demanded each month is 1000 when the unit price is $140. The suppliers will market 750 espresso makers if the unit price is $90. At a unit price of $110, they are willing to market 2250 units. Both the demand and supply equations are known to be linear.
What is the supply equation? Equilibrium quantity? equilibrium price?
What is the supply equation? Equilibrium quantity? equilibrium price?