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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. 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
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
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
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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