Let the supply and demand for bananas in cents per pound be given by the equations below. supply: p =9; demand: p= 84- (a) Graph these equations on the same axes. (b) Find the equilibrium quantity. (c) Find the equilibrium price. (d) At a price of 34 cents per pound, is there a surplus or a shortage of supply?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
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Let the supply and demand for bananas in cents per pound be given by the equations below.
supply: p =
2
9; demand: p = 84 -
39
(a) Graph these equations on the same axes.
(b) Find the equilibrium quantity.
(c) Find the equilibrium price.
(d) At a price of 34 cents per pound, is there a surplus or a shortage of supply?
(a) Choose the correct graph below.
O A.
Ов.
Oc.
AD
120
Ap
120-
Ap
120
dehjano
detiand,
denarid
supply
150
150
150
Help me solve this
View an example
Get more help -
DI
144
米
-.
esc
*
&
#3
3
$4
4.
8.
R
T.
Y
G
K
D
M
Transcribed Image Text:Let the supply and demand for bananas in cents per pound be given by the equations below. supply: p = 2 9; demand: p = 84 - 39 (a) Graph these equations on the same axes. (b) Find the equilibrium quantity. (c) Find the equilibrium price. (d) At a price of 34 cents per pound, is there a surplus or a shortage of supply? (a) Choose the correct graph below. O A. Ов. Oc. AD 120 Ap 120- Ap 120 dehjano detiand, denarid supply 150 150 150 Help me solve this View an example Get more help - DI 144 米 -. esc * & #3 3 $4 4. 8. R T. Y G K D M
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