Suppose that the demand and price for a certain model of a youth wristwatch are related by the following equation, where p is the price (in dollars) and q is the quantity demanded (in hundreds). p=D(q) =32-1.25q 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 $27. At a price of $27, the demand is for watches.
Suppose that the demand and price for a certain model of a youth wristwatch are related by the following equation, where p is the price (in dollars) and q is the quantity demanded (in hundreds). p=D(q) =32-1.25q 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 $27. At a price of $27, the demand is for watches.
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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Transcribed Image Text:Use the information listed below to solve parts a through h.
Suppose that the demand and price for a certain model of a youth wristwatch are related by the following equation, where p is the price (in dollars) and q is the quantity demanded (in hundreds).
p=D(q) 32-1.25q
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 $
45
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 $27.
At a price of $27, the demand is for
d. Graph p=32 -1.25q. Choose the correct graph below.
O A.
0
watches
OB.
watches.
ET
20
Q
Q
8
Suppose the price and supply of the watch are related by the following equation, where p is the price (in dollars) and q is the quantity supplied (in hundreds) of watches.
p= S(q) = 0.75q
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.
4
OC.
√
35-
0
V U₁
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