Suppose the supply function for a product is 2p -q - 30 = 0, while the demand function for the same product is (p+20) (q + 10) = 8,000. Solve the supply function for q. q= -70 X Substitute this value for q in the demand equation. Find the equilibrium price. $ Find the equilibrium quantity. Determine the market equilibrium point. (60,90 x ! (9, p) =

A soccer stadium holds 62,000 spectators. With aticket price of$11, the average attendance has been26,000. When the price dropped to $9, the averageattendance rose to 31,000. Assuming that attendanceis linearly related to ticket price, what ticket pricewould maximize revenue?

Determine whether the following algebraic equationcan be written as a linear function. 2x+3y=7

The weekly demand for a pair of designer sunglasses is q = – 4p + 700 and the weekly supply for the sunglasses is q = 6p – 900, where p is the price of a pair of sunglasses in dollars. Find the number of sunglasses that will be sold in a week when the market is in equilibrium. The number of sunglasses is  Blank 1. Calculate the answer by read surrounding text. .

A tow truck originally purchased for $150,000 is depreciated using the straight line method for the purpose of calculating taxable business assets. The value of the truck, y , after x months of use, is given by dollars. What will the depreciated value of the truck be after 10 years?

In the pair of suppy and demand equations below, x represents the quanity demanded in units of a thousand and p the unit price in dollars. p =93-3x2 and p = x2 + 8x + 33 find the equilibrium quantity. find the equilibrium price.