12:27 AM Score: 13/19 Answered: 14/19 Question 8 ▾ < > 155 4G 63 B/S Supply & Demand In supply (and demand) problems, y is the number of items the supplier will produce if the price of the item is x. In particular, if the price is $57 per item, then the supplier wants to make only 288 items. However, if the price is $63 per item, then the supplier would want to make 240 items. Convert the information in this problem to two ordered pairs. What is the ordered pair associated with the lower price? What is the ordered pair associated with the higher price? Using these ordered pairs, what is the supply equation? Give your answer in slope-intercept form: y = Box 1 & 2: Enter answers as ordered pairs (don't forget the parentheses). Box 3: Enter your answer as an expression. Example: 3x^2+1,x/5, (a+b)/c Be sure your variables match those in the question Question Help: Post to forum Submit Question ← = ||| → 7
12:27 AM Score: 13/19 Answered: 14/19 Question 8 ▾ < > 155 4G 63 B/S Supply & Demand In supply (and demand) problems, y is the number of items the supplier will produce if the price of the item is x. In particular, if the price is $57 per item, then the supplier wants to make only 288 items. However, if the price is $63 per item, then the supplier would want to make 240 items. Convert the information in this problem to two ordered pairs. What is the ordered pair associated with the lower price? What is the ordered pair associated with the higher price? Using these ordered pairs, what is the supply equation? Give your answer in slope-intercept form: y = Box 1 & 2: Enter answers as ordered pairs (don't forget the parentheses). Box 3: Enter your answer as an expression. Example: 3x^2+1,x/5, (a+b)/c Be sure your variables match those in the question Question Help: Post to forum Submit Question ← = ||| → 7
Chapter6: Elasticities
Section: Chapter Questions
Problem 5P
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Transcribed Image Text:12:27 AM
Score: 13/19 Answered: 14/19
Question 8
▾
<
>
155 4G
63
B/S
Supply & Demand
In supply (and demand) problems, y is the number of items the supplier will produce if the price of
the item is x. In particular, if the price is $57 per item, then the supplier wants to make only 288
items. However, if the price is $63 per item, then the supplier would want to make 240 items.
Convert the information in this problem to two ordered pairs.
What is the ordered pair associated with the lower price?
What is the ordered pair associated with the higher price?
Using these ordered pairs, what is the supply equation? Give your answer in slope-intercept form:
y =
Box 1 & 2: Enter answers as ordered pairs (don't forget the parentheses).
Box 3: Enter your answer as an expression. Example: 3x^2+1,x/5, (a+b)/c
Be sure your variables match those in the question
Question Help: Post to forum
Submit Question
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