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
Qd = 100-20P
Qs = 10 +40P
Where Qd = number of eggs purchased yearly
Where Qs = number of eggs farms would sell yearly
Where P =
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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