Ask a New Question
Search
given the demand equation 8x + p - 46 = 0 and the supply equation 7x - p + 18 = 0, where p is the unit price in dollars and x represents the quantity demanded in units of a thousand, determine the equilibrium quantity and equilibrium price.
Similar Questions
supply and demand: for a certain commodity the supply equation is given by S=2p+5
at a price o $1, there is a demand for 19 units
0 answers
For a certain commodity the supply equation is given by S=2p+5
At a price of $1,there is a demand for 19units of the commodity.If
1 answer
A)For a certain commodity the demand equation is given by D=-3p+20. At the price of $1, four units of the commodity are
1 answer
When modeling market interactions, consumers _____ factors of production and ______ products.
A) supply; demand B) supply; supply
41 answers
more similar questions
0 answers