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.

MACROECONOMICS
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ISBN:9781337794985
Author:Baumol
Publisher:Baumol
Chapter4: Supply And Demand: An Initial Look
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du/dzi
Let x represent the demand for DVD players and y represent the price. Then the demand equation for DVD players is
OPasswor
y= -28x + 440
and the supply equation is
y = 14x + 110.
(a) Graph the two equations in the window X [o, 25], Y [0, 500] screen.
600
Graph Layers
ducing and
nits is calle
450
After you add an object to the graph you
UE- COS
can use Graph Layers to view and edit its
400
properties.
350
Fll
Itake a loss
300
o is known a
250
200
No
Solution
ce cost and n
160
- 16x + 5
400
60
= 16x + 51
Help
20
WebAssign. Graphing Tool
E(x)
16x +
(b) Is there a shortage or surplus of DVD players when the price is $200?
There is a shortage.
There is a surplus.
fixed costs d
= average sell
The given value is unrealistic.
(c) Is there a shortage or surplus of DVD players when the price is $300?
There is a shortage.
There is a surplus.
Transcribed Image Text:du/dzi Let x represent the demand for DVD players and y represent the price. Then the demand equation for DVD players is OPasswor y= -28x + 440 and the supply equation is y = 14x + 110. (a) Graph the two equations in the window X [o, 25], Y [0, 500] screen. 600 Graph Layers ducing and nits is calle 450 After you add an object to the graph you UE- COS can use Graph Layers to view and edit its 400 properties. 350 Fll Itake a loss 300 o is known a 250 200 No Solution ce cost and n 160 - 16x + 5 400 60 = 16x + 51 Help 20 WebAssign. Graphing Tool E(x) 16x + (b) Is there a shortage or surplus of DVD players when the price is $200? There is a shortage. There is a surplus. fixed costs d = average sell The given value is unrealistic. (c) Is there a shortage or surplus of DVD players when the price is $300? There is a shortage. There is a surplus.
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