Suppose demand and supply for eggs are given by the following equation: Qd = 100-20P Qs = 10 +40P Where Qd = number of eggs purchased yearly Where Qs = number of eggs farms would sell yearly Where P = price per dozens of eggs a) Fill in the following table Price Per Dozen 5.00 6.00 6.50 7.00 7.50 Quantity Demanded (Qd) - - - - - Quantity Supplied (Qs) - - - - - b) Use the information to find the equilibrium price and equilibrium quantity, c) Graph the demand and supply curves and identify the equilibrium price and quantity.
Suppose demand and supply for eggs are given by the following equation:
Qd = 100-20P
Qs = 10 +40P
Where Qd = number of eggs purchased yearly
Where Qs = number of eggs farms would sell yearly
Where P = price per dozens of eggs
a) Fill in the following table
Price Per Dozen 5.00 6.00 6.50 7.00 7.50
Quantity Demanded (Qd) - - - - -
Quantity Supplied (Qs) - - - - -
b) Use the information to find the
c) Graph the demand and supply
please sir solve accurate and fast and three parts. Ok thanks.
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