The quantity demanded x each month of Russo Espresso Makers is 250 when the unit price p is $132. The quantity demanded each month is 1000 when the unit price is $102. The suppliers will market 700 espresso makers when the unit price is $66. At a unit price of $96, they are willing to market 2200 units. Both the supply and demand equations are known to be linear.   a.)find the demand equation   b.)Find the supply equation   C.)Find the equilibrium point

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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The quantity demanded x each month of Russo Espresso Makers is 250 when the unit price p is $132. The quantity demanded each month is 1000 when the unit price is $102. The suppliers will market 700 espresso makers when the unit price is $66. At a unit price of $96, they are willing to market 2200 units. Both the supply and demand equations are known to be linear.

 

a.)find the demand equation

 

b.)Find the supply equation

 

C.)Find the equilibrium point

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