Assume that one week sneakers sold at $150.00 and sell 80 units., next week they price them at $140 and sell 100 units.     a.    Assuming demand is approximately linear, determine the demand function b.    Given: 1.7 p +42. i.    Determine: Equilibrium price and Equilibrium quantity c.    Draw both the demand and supply curves

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Assume that one week sneakers sold at $150.00 and sell 80 units., next week they price them at $140 and sell 100 units.    

a.    Assuming demand is approximately linear, determine the demand function


b.    Given: 1.7 p +42.
i.    Determine: Equilibrium price and Equilibrium quantity


c.    Draw both the demand and supply curves

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