A publisher has established the supply equation of one of their textbooks to be p =q² and is show in blue on the graph. They also found the demand equation to be p = -² +20 and is shown in red. Where p is in tens of dollars and q is the quantity in hundreds of textbooks. 20- Find the amount demanded when the price is $1800. Find the equilibrium price. $ 12- Find the amount supplied when the price is $20. Find the equilibrium quantity. Quantity

A publisher has established the supply equation of one of their textbooks to be p =q² and is show in blue on the graph. They also found the demand equation to be p = -² +20 and is shown in red. Where p is in tens of dollars and q is the quantity in hundreds of textbooks. 20- Find the amount demanded when the price is $1800. Find the equilibrium price. $ 12- Find the amount supplied when the price is $20. Find the equilibrium quantity. Quantity

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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