1. SUPPLY and DEMAND Use the graphing calculator to answer the following questions and enter your answers on so Desmos. When Walmart sells bananas, there is a demand for 10,000 pounds and a supply of 7000 pour are priced at 45 cents per pound. When they are priced at 55 cents per pound, the demand is and the supply is 10,000 pounds. a. Screen 2: Fill out a table on line 1 for demand and another table on line 3 for supply. U calculator to determine the regression lines. b. What is the demand equation? c. What is the supply equation? d. What is the point of intersection? What is the word given to that point?

1. SUPPLY and DEMAND Use the graphing calculator to answer the following questions and enter your answers on so Desmos. When Walmart sells bananas, there is a demand for 10,000 pounds and a supply of 7000 pour are priced at 45 cents per pound. When they are priced at 55 cents per pound, the demand is and the supply is 10,000 pounds. a. Screen 2: Fill out a table on line 1 for demand and another table on line 3 for supply. U calculator to determine the regression lines. b. What is the demand equation? c. What is the supply equation? d. What is the point of intersection? What is the word given to that point?

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter4: Supply And Demand: An Initial Look

Section: Chapter Questions

Problem 3TY

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