Let x represent the demand for DVD players and y represent the price. Then the demand equation for DVD players is y- -28x + 440 and the supply equation is y- 14x + 110. (a) Graph the two equations in the window X [0, 25], Y [0, 500] screen.
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- he quantity demanded each month of Russo Espresso Makers is 250 when the unit price is $136. The quantity demanded ach month is 1000 when the unit price is $106. The suppliers will market 750 espresso makers when the unit price is $80 er higher. At a unit price of $100, they are willing to market 2250 units. Both the supply and demand equations are known o be linear. (a) Find the demand equation. -1 -x + 146 25 p = (b) Find the supply equation. 1 x+ 70 p = 75* (c) Find the equilibrium quantity and the equilibrium price. |× unitsFast pls solve this question correctly in 5 min pls I will give u like for sure Mnty You sell donuts. Your cost per donut is 70 cents. You estimate that you will sell 300 donuts if the price is 80 cents per donut, and you will sell 280 donuts if the price is 90 cents per donut. Assume a linear demand function. What price maximizes profit?Question H a Siven the table below, Calculote the average physicol product and morginol physicol produCf Heput lotal physicol Prodoct Aueroge Physicol Pineluct Marginal Physzcol Procuct 4. 24 6)Assume that demand for a commodity Maize is repiesented by the equetion R Ps10-0.2QP ond supply bythe equotion P=a+Du2@s, where Qd and @s are quantity demonded (ng) and Sopploed by Chg),respectiwoly, ond Pis price (us Dolbras) 1 Using the equilibicum Condition Os= Ad, solue the equotions to determine equilibrium price and eqailibium quantity. iJNow,assume that the gover ament intervenes by imposong a morket puce of 18 tor maize. What will be-che market Sutuotion Creadedl la tit this now morhet 19) How can you aduise the with the market situction created in f) ebove?
- Cocept of equilibrium What do you understand by equilibriumPrice ($) a) Suppose that the demand for pizzas were to increase by 120 pizzas per day. Show the new demand, in the graph below: Plot the two end points using the tool provided in the graphing area below. Plot only the end points of the curve and position those points on the edge of the graphing area. 64 56 48 40 32 24 16 8 0 40 80 120160200240 280 320 360 400 440 480 S D Tools Demand Help i Save & Exit SubmitPiper Gene Munster, the person responsible for a survey dedicated to Apple in which he " found" out an estimated number of IPhones that were sold, has come up with yet another interesting theroy. According to Munsterand the past-week Apple announcement about 1 million IPhones sold, the calculations take to the conclusion that after the price cut,the sales increased up to 200%... By Munster's reckoning, Apple and AT&T were selling an averageof 9,000 IPhones a day before the price reduction, which would have put their quarterly sales at 594,00 as of September 5. By the end of the quarter, he believes Apple will have sold a total of 1.28 million Iphones. What was the price elasticity of demand for IPhones in 2007 prior to the price reduction if the percentage change in price was 40%?
- Creative Homework/Short Project Assume that you arean entrepreneur who runs a bakery that sells glutenfree breads and cakes. You believe that the currenteconomic conditions merit an increase in the price ofyour baked goods. You are concerned, however, thatincreasing the price might not be profitable becauseyou are unsure of the price elasticity of demand for yourproducts. Develop a plan for the measurement of priceelasticity of demand for your products. What findingswould lead you to increase the price? What findingswould cause you to rethink the decision to increaseprices? Develop a presentation for your class outlining(1) the concept of elasticity of demand, (2) why raisingprices without understanding the elasticity would bea bad move, (3) your recommendations for measurement, and (4) the potential impact on profits for elasticand inelastic demandCreative Homework/Short Project Assume that you arean entrepreneur who runs a bakery that sells glutenfree breads and cakes. You believe that the currenteconomic conditions merit an increase in the price ofyour baked goods. You are concerned. however, thatincreasing the price might not be profitable becauseyou are unsure of the price elasticity of demand for yourproducts. Develop a plan for the measurement of priceelasticity of demand for your products. What findingswould lead you to increase the price? What findingswould cause you to rethink the decision to increaseprices? Develop a presentation for your class outlining(I) the concept of elasticity of demand, (2) why raisingprices without undetstanding the elasticity would bea bad move. (3) your recommendations for measurement. and (4) the potential impact on profits for elasticand inelastic demandQUESTION 20 1.00- mand 130 200 Quantity Refer to the diagram. What is the highest price that buyers will be willing and able to pay for 100 units of this product is: For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph 14px A v ... Arial O WORDS POWER Click Save and Submit to save and submit. Click Save All Answers to save all answers. DELL
- ½ 1.CQLPrecalc.2 The monthly supply S(p) and demand D(p) for a video game console is given by the graphs. Complete parts a-e below. Quantity, q S(p) = D(p) = (Type expressions using p as the variable.) 5000- 4500- 4000- 3500- 3000- 2500 2000-€ 1500- 1000- 500-S(p) 0+ 0 (p) 200 400 600 800 1000 Selling price per unit, p a) Describe how the increased selling price of an item affects the consumer demand and producer supply. If the selling price of an item is higher than it should be, the consumer demand for the item will decrease and the producer's willingness to supply it will increase. b) Find formulas for the functions q = D(p) and q = S(p).Assume that the price of coffeee goes up. Will that impact the demand for tea??? Show me what will happen by using appropriate diagram(s)(a) Draw a graph showing price ceiling on face masks to protect consumers from high prices that are being charged. (b) Draw a graph showing an increase in demand for face masks to protect person from coronavirus in the USA.