A group of retailers will buy 88 televisions from a wholesaler if the price is $400 and 128 if the price is $350. The wholesaler is willing to supply 68 if the price is $330 and 148 if the price is $420. Assuming that the resulting supply and demand functions are linear, find the equilibrium point for the market. (q,p)= (  ,  )

Q: Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand…

A: We are given demand and supply function of a commodity. We have to find the equilibrium quantity and…

Q: Suppose at price p = 0, demand is q = 100 units and supply is q =-10 units yes, it is negative).…

A: Demand function q(p) is linear and we have two points on the demand curve , (0,100),(10,33).Let the…

Q: A small company makes custom surfboards. They have found that if they sell the surfboards for $100…

A:

Q: The equilibrium price of the given demand and supply functions is p = 30log (xp) – 3 p = 29log (xs)…

A: To determine: The equilibrium price of the given demand and supply function, p=30 logxD-3p=29…

Q: A retail chain will buy 700 cordless phones if the price is $40 each and 100 if the price is $70 A…

A:

Q: A real estate office handles an apartment complex with 60 units. When the rent per unit is $98 per…

A:

Q: Suppose that the long-lasting light bulb supply equation is given by p = 1.04 q- 7.03 and that the…

A: At equilibrium quantity demanded is equal to quantity supplied.

Q: 4 C. B 10 20 30 40 Quantity Price

A: Given Graph        To find:- The slope (ms) and the supply function thru the given supply curve

Q: supply function has the equation is p= 1/2q2 + 40, and the demand function is decribed by the…

A: Equation of the supply function isEquation of the demand function is

Q: Assume that at a price of $2.00 per pound, the annual supply of coffee beans in Country A is 8…

A: Let 'p' be the price per pound in dollars, 's' be the supply in millions of pound, and 'd' be the…

Q: The equilibrium quantity of the given demand and supply functions is p = 3log (5xp) – 2 p = 2log…

A: The demand and supply function are given as follow respectively: We need to determine quantity, Let…

Q: Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand…

A: Given: Supply: P = 2Q+20 Demand: P = 200-2Q2

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.