Suppose that the demand and price for a certain model of a youth wristwatch are related by the following equation p=D(q) = 16-1.25q where p is the price (in dollars) and q is the quantity demanded (in hundreds). Find the price at each level of demand. Answer parts a through d. a. Find the price when the demand is 0 watches. The price when the demand is 0 watches is $ b. Find the price when the demand is 800 watches. The price when the demand is 800 watches is $ c. Find the quantity demanded for the watch when the price is $11. At a price of $11, the demand is for watches. d. Graph p = 16-1.25q. Choose the correct graph below. O A. Ap 35- 0- Q O B. Ap 35- 0- O C. Ap 35- 0- Q O D. Ap 35- 1. 0- Q
Suppose that the demand and price for a certain model of a youth wristwatch are related by the following equation p=D(q) = 16-1.25q where p is the price (in dollars) and q is the quantity demanded (in hundreds). Find the price at each level of demand. Answer parts a through d. a. Find the price when the demand is 0 watches. The price when the demand is 0 watches is $ b. Find the price when the demand is 800 watches. The price when the demand is 800 watches is $ c. Find the quantity demanded for the watch when the price is $11. At a price of $11, the demand is for watches. d. Graph p = 16-1.25q. Choose the correct graph below. O A. Ap 35- 0- Q O B. Ap 35- 0- O C. Ap 35- 0- Q O D. Ap 35- 1. 0- Q
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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![Suppose that the demand and price for a certain model of a youth wristwatch are related by the following equation
p=D(q) = 16-1.25q
where p is the price (in dollars) and q is the quantity demanded (in hundreds). Find the price at each level of demand. Answer parts a through d.
a. Find the price when the demand is 0 watches.
The price when the demand is 0 watches is $
b. Find the price when the demand is 800 watches.
The price when the demand is 800 watches is $
c. Find the quantity demanded for the watch when the price is $11.
At a price of $11, the demand is for watches.
d. Graph p = 16-1.25q. Choose the correct graph below.
A.
Ap
35-
O.
20
T!
B.
Ap
35-
0
20
O C.
Ap
35-
20
O
D.
Ap
35-
20](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc62debf9-2696-4946-934a-f308bf93cf3b%2F653311e8-929e-4f3b-9f2f-1159992828fc%2Feb48l1_processed.png&w=3840&q=75)
Transcribed Image Text:Suppose that the demand and price for a certain model of a youth wristwatch are related by the following equation
p=D(q) = 16-1.25q
where p is the price (in dollars) and q is the quantity demanded (in hundreds). Find the price at each level of demand. Answer parts a through d.
a. Find the price when the demand is 0 watches.
The price when the demand is 0 watches is $
b. Find the price when the demand is 800 watches.
The price when the demand is 800 watches is $
c. Find the quantity demanded for the watch when the price is $11.
At a price of $11, the demand is for watches.
d. Graph p = 16-1.25q. Choose the correct graph below.
A.
Ap
35-
O.
20
T!
B.
Ap
35-
0
20
O C.
Ap
35-
20
O
D.
Ap
35-
20
![Suppose the price and supply of the watch are related by the following equation
p = S(q) = 0.75q
where p is the price (in dollars) and q the quantity supplied (in hundreds) of watches. Answer parts e through g.
e. Find the quantity supplied at a price of $0.
At a price of $0, the supply is
f. Find the quantity supplied at a price of $10.
At a price of $10, the supply is about watches.
(Round to the nearest whole number as needed.)
g. Graph p = S(q) = 0.75q on the same axis used to graph p= 16-1.25q in part d. Choose the correct graph below.
A.
35-
0-
p
20
watches.
B.
watches.
35-
0
p
20
C.
Ap
35-
h. Given that the demand function is p = D(q) = 16-1.25q and that the supply function is p = S(q) = 0.75q, find the
The equilibrium quantity is
The equilibrium price is $
q
20
Ap
35-
0-
0
uilibrium quantity and the equilibrium price.
q
20](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc62debf9-2696-4946-934a-f308bf93cf3b%2F653311e8-929e-4f3b-9f2f-1159992828fc%2F3evzx1p_processed.png&w=3840&q=75)
Transcribed Image Text:Suppose the price and supply of the watch are related by the following equation
p = S(q) = 0.75q
where p is the price (in dollars) and q the quantity supplied (in hundreds) of watches. Answer parts e through g.
e. Find the quantity supplied at a price of $0.
At a price of $0, the supply is
f. Find the quantity supplied at a price of $10.
At a price of $10, the supply is about watches.
(Round to the nearest whole number as needed.)
g. Graph p = S(q) = 0.75q on the same axis used to graph p= 16-1.25q in part d. Choose the correct graph below.
A.
35-
0-
p
20
watches.
B.
watches.
35-
0
p
20
C.
Ap
35-
h. Given that the demand function is p = D(q) = 16-1.25q and that the supply function is p = S(q) = 0.75q, find the
The equilibrium quantity is
The equilibrium price is $
q
20
Ap
35-
0-
0
uilibrium quantity and the equilibrium price.
q
20
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