Q1. given the following two equations, answer the questions that follow: Q=4p (1) Q=200-6p . (2)

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Hi I want to solve branch 4 ,5,6 and 7
Q1. given the following two equations, answer the
questions that follow:
Q=4p
(1)
Q=200-6p
..(2)
1 Identify the demand
equation and supply
equation?
2 What does the
number (4) in
equation (1)
indicate?
3 What does the
number 200 in
equation (2)
indicate?
4
What does the
number 6 in
equation (2)
indicate?
5 Solve for the
equilibrium point
mathematically.
6 Solve for the
equilibrium point
graphically.
Transcribed Image Text:Q1. given the following two equations, answer the questions that follow: Q=4p (1) Q=200-6p ..(2) 1 Identify the demand equation and supply equation? 2 What does the number (4) in equation (1) indicate? 3 What does the number 200 in equation (2) indicate? 4 What does the number 6 in equation (2) indicate? 5 Solve for the equilibrium point mathematically. 6 Solve for the equilibrium point graphically.
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