Suppose the quantity demanded, q, of a product when the price is p dollars is given by the equation p = 850 – 4q , and the quantity supplied is given by the equation p = 6q . a) Sketch the supply and demand curves b) Find the equilibrium price and quantity.

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A: Supply : p = q1800+3 Demand : p= -q2200+11

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Q: 1. Find the slope of each line (a). through (4, 5) and (-1,2); (b). A line parallel to 6x - 3y = 12.

A: a. The line passes through (4,5) and (-1,2)

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A: P= $2.5, Q = 2750   P = $2.80, Q = 2600   Fixed cost = $4450.40   VC = $1.34   Lets first find out…

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A: x(Sleeping bags)p($)C($)952401300012023514300180155185002205021000

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