QUESTION 3If the demand equation is D(x) = 60 - 0.45x and the supply equation is S(x) = 0.15x+17, find the equilibrium price. QUESTION 4If the demand equation for an item is D(x) = -3.0x + 680 and a supplier is willing to supply 80 items at $700 per item, or 150 items at $2400 per item, find the equilibrium quantity,assuming linear supply and demand models.QUESTION 5values below

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on is D(x) = 60 - 0.45x and the supply equation is S(x) = 0.15x+17, find the equilibrium price.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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