Mary sells bottles of lemonade. The demand factor for her lemonade is given by D(q)=100-1.5q and the supply function is S(q)= .75q, where q is quantities of bottles produced. What is price paid by consumer when q=20.

Mary sells bottles of lemonade. The demand factor for her lemonade is given by D(q)=100-1.5q and the supply function is S(q)= .75q, where q is quantities of bottles produced. What is price paid by consumer when q=20.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter7: Demand And Supply

Section: Chapter Questions

Problem 18AA

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Mary sells bottles of lemonade. The demand factor for her lemonade is given by

D(q)=100-1.5q and the supply function is S(q)= .75q, where q is quantities of bottles produced. What is price paid by consumer when q=20.

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