The Unique Gifts catalog lists a "super loud and vibrating alarm clock." Their records indicate the following information on the relation of monthly supply and demand quantities to the price of the clock. Supply 133 183 Demand 168 148 Use this information to find the following. (a) points on the demand linear equation (x, p) = 148,44 (x, p) = 168,32 (x, p) = points on the supply linear equation (x, p) = (183,44 (133,32 (b) the demand equation p p= Price $32 $44 (c) the supply equation p (smaller x-value) ) (larger x-value) p= (smaller x-value) (larger x-value) (d) the equilibrium quantity and price Equilibrium occurs when the price of the clock is $ and the quantity is
The Unique Gifts catalog lists a "super loud and vibrating alarm clock." Their records indicate the following information on the relation of monthly supply and demand quantities to the price of the clock. Supply 133 183 Demand 168 148 Use this information to find the following. (a) points on the demand linear equation (x, p) = 148,44 (x, p) = 168,32 (x, p) = points on the supply linear equation (x, p) = (183,44 (133,32 (b) the demand equation p p= Price $32 $44 (c) the supply equation p (smaller x-value) ) (larger x-value) p= (smaller x-value) (larger x-value) (d) the equilibrium quantity and price Equilibrium occurs when the price of the clock is $ and the quantity is
Chapter3: Market Demand And Supply
Section: Chapter Questions
Problem 20SQ
Related questions
Question
![The Unique Gifts catalog lists a "super loud and vibrating alarm clock." Their records indicate the following information on the relation of monthly supply and demand quantities to the price of the clock.
Supply
133
183
Demand
168
148
Use this information to find the following.
(a) points on the demand linear equation
(x, p) = ( 148,44
(x, p) = 168,32
(x, p) =
points on the supply linear equation
(x, p) = (183,44
(133,32
Price
$32
$44
(b) the demand equation p
P =
(smaller x-value)
) (larger x-value)
(c) the supply equation p
p=
(smaller x-value)
(larger x-value)
(d) the equilibrium quantity and price
Equilibrium occurs when the price of the clock is $
and the quantity is](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3de35205-26d6-4454-aaa2-6bc3d012af0c%2Fd9d2d529-3b5e-4099-96b6-2292d538be82%2F1qywqb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The Unique Gifts catalog lists a "super loud and vibrating alarm clock." Their records indicate the following information on the relation of monthly supply and demand quantities to the price of the clock.
Supply
133
183
Demand
168
148
Use this information to find the following.
(a) points on the demand linear equation
(x, p) = ( 148,44
(x, p) = 168,32
(x, p) =
points on the supply linear equation
(x, p) = (183,44
(133,32
Price
$32
$44
(b) the demand equation p
P =
(smaller x-value)
) (larger x-value)
(c) the supply equation p
p=
(smaller x-value)
(larger x-value)
(d) the equilibrium quantity and price
Equilibrium occurs when the price of the clock is $
and the quantity is
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