Let x represent the number of items supplied or demanded each month and p represent the unit price of the items (in dollars) Equation A is -2x + 5p = 85 and Equation B is 6x + 4p = 900. Answer each of the following. Enter all answers below in exact, reduced form. (a) Which equation is the demand equation? Equation A is the demand equation because it has a negative (b) How many items will consumers purchase if the items are free? 150 items (c) Above what price (in dollars) will consumers not buy the item? $ ✓slope. (d) Producers will only provide the items if the price is above what value (in dollars)? $
Let x represent the number of items supplied or demanded each month and p represent the unit price of the items (in dollars) Equation A is -2x + 5p = 85 and Equation B is 6x + 4p = 900. Answer each of the following. Enter all answers below in exact, reduced form. (a) Which equation is the demand equation? Equation A is the demand equation because it has a negative (b) How many items will consumers purchase if the items are free? 150 items (c) Above what price (in dollars) will consumers not buy the item? $ ✓slope. (d) Producers will only provide the items if the price is above what value (in dollars)? $
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Transcribed Image Text:Let x represent the number of items supplied or demanded each month and p represent the unit price of the items (in dollars).
Equation A is -2x + 5p = 85 and Equation B is 6x + 4p = 900.
Answer each of the following. Enter all answers below in exact, reduced form.
(a) Which equation is the demand equation?
Equation A is the demand equation because it has a negative
(b) How many items will consumers purchase if the items are free?
150
items
(c) Above what price (in dollars) will consumers not buy the item?
$
slope.
(d) Producers will only provide the items if the price is above what value (in dollars)?
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