The table below gives the quantity of electronic sensors demanded and the quantity supplied for selected prices. (a) Find the linear equation that gives the price as a function of the quantity demanded. (b) Find the linear equation that gives the price as a function of the quantity supplied (c) Use these equations to find the market equilibrium price. O Price ($) 20 30 40 50 100 Quantity Demanded (thousands) 650 600 550 500 250 Quantity Supplied (thousands) 0 200 400 600 1600 COT (a) What is the price as a function of the quantity demanded? P- (Type an expression using q as the variable. Type your answer in slope-intercept form.) (b) What is the price as a function of the quantity supplied? pa (Type an expression using q as the variable. Type your answer in slope-tercept form.) (c) What is the market equilibrium price?
The table below gives the quantity of electronic sensors demanded and the quantity supplied for selected prices. (a) Find the linear equation that gives the price as a function of the quantity demanded. (b) Find the linear equation that gives the price as a function of the quantity supplied (c) Use these equations to find the market equilibrium price. O Price ($) 20 30 40 50 100 Quantity Demanded (thousands) 650 600 550 500 250 Quantity Supplied (thousands) 0 200 400 600 1600 COT (a) What is the price as a function of the quantity demanded? P- (Type an expression using q as the variable. Type your answer in slope-intercept form.) (b) What is the price as a function of the quantity supplied? pa (Type an expression using q as the variable. Type your answer in slope-tercept form.) (c) What is the market equilibrium price?
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:The table below gives the quantity of electronic sensors demanded and the quantity
supplied for selected prices.
(a) Find the linear equation that gives the price as a function of the quantity demanded.
(b) Find the linear equation that gives the price as a function of the quantity supplied.
(c) Use these equations to find the market equilibrium price.
Price
($)
20
CRAWNG
30
40
50
100
Quantity Demanded (thousands)
650
600
550
500
250
Quantity
Supplied (thousands)
0
200
400
600
1600
COTTES
(a) What is the price as a function of the quantity demanded?
P=0
(Type an expression using q as the variable. Type your answer
in slope-intercept form.)
(b) What is the price as a function of the quantity supplied?
p=
(Type an expression using q as the variable. Type your answer
in slope-tercept form.)
(c) What is the market equilibrium price?
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