tion are given. (a) Sketch the first-quadrant portions ofIn Problems 1–4, a supply function and a demand func-market equilibrium point. (c) Algebraically determine thethose functions on the same set of axes. (b) Label themarket equilibrium point. (c) Algebraically determine themarket equilibrium point.1q2 +101. Supply: p4Demand: p = 86 – 6q – 3g²2. Supply: p = q² + 89 + 16Demand: p = 216 - 293. Supply: p = 0.2q² + 0.4q + 1.8Demand: p = 9 – 0.2q – 0.1q²4. Supply: p q² + 8g + 22%3D%3D%3D1198 4g4Demand: p%3D5. If the supply function for a commodity isp = q? + 8q + 16 and the demand function isp = -3q2 + 6q + 436, find the equilibrium quantityand equilibrium price.6. If the supply function for a commodity isp = q? + 8q + 20 and the demand function isp = 100 – 49 – q², find the equilibrium quantity andequilibrium price.7. If the demand function for a commodity is given by theequation p? + 4q = 1600 and the supply function isgiven by the equation 300 – p² + 2g = 0, find theequilibrium quantity and equilibrium price.8. If the supply and demand functions for a commodityare given by 4p - q = 42 and (p + 2)q = 2100,respectively, find the price that will result in marketequilibrium.9. If the supply and demand functions for a commodityare given by p - q = 10 and q(2p - 10) = 2100, whatIs the equilibrium price and what is the correspondingnumber of units supplied and demanded?%3D%3D%3DaP+ 9g + 10) = 3696, respectively, find the price(p +q)(q+and quantity that give market equilibrium.%3D

Since, you have posted multiple questions, as per guidelines we will solve only first question. If…

Answered: market equilibrium point. (c)…

Elementary Geometry For College Students, 7e

7th Edition

ISBN:9781337614085

Author:Alexander, Daniel C.; Koeberlein, Geralyn M.

Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.

ChapterP: Preliminary Concepts

SectionP.CT: Test

Problem 1CT

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