1. The point at which the supply and demand curves intersect is called the equilibrium point for the system. Identify the equilibrium point (equilibrium price and equilibrium quantity). 2.  Based on the figure, estimate as well as you can the coordinates of the four indicated points and write down two linear equations, one for the demand curve and one for the supply curve. Use P for price, QS for the quantity supplied, and QD for the quantity demanded. 3. Solve your equations to find the equilibrium point. Does your solution agree with the one you see graphically in part 1.?

Q: Q2. At a price of $7.00 per box of apples, the supply is 320,000 boxes and the demand is 200,000…

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Q: a²u a?u 4. + = 0 ax2 ду? az2

A: The solution is given as

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Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.