The equilibrium price of the given demand and supply functions is p = -5xp + 80 p = 2xs + 10 Select one: O a 7 O b 10 O c 30 o d. 70 O e 90

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Q: The Gifts Galore Catalog Company estimates the demand equation for its portable video…

A: Equilibrium is when demand and supply are equal. That is, Demand =supply

Q: Suppose at price p = 0, demand is q = 100 units and supply is q =-10 units yes, it is negative).…

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Q: Consider the following model of a market for a good, in which Qs is quantity produced, Qd is…

A: The objective of the question is to find the value of Qs when Qs = Qd in the given market model.

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Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.