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To find:
The demand for the electric can opener at each price.
(a) $6
(b) $11
(c) $16
Suppose the demand and price for a certain model of electric can opener are related by,
Using the information supply and demand in many applications of economics, as the price of an item goes up, demand for the item goes down and supply of the item goes up. The price where supply and demand are equal is the equilibrium price, and the resulting supply or demand is the equilibrium supply or equilibrium demand.
Suppose the supply of a product is related to its price by the equation,
Where p is in dollars and q is supply in appropriate units. (Here, q stands for quality.) Furthermore, suppose demand and price for the same product are related by,
Where p is price and q is demand. The system formed by these two equations has solution (18, 12), as seen in the graph.
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Chapter 5 Solutions
ESSENTIALS OF COLL...-MYLAB ACCESS
- A vacant lot is being converted into a community garden. The garden and a walkway around its perimeter have an area of 690 square feet. Find the width of the walkway (x) if the garden measures 14 feet wide by 18 feet long. Write answer to 2 decimal places. (Write the number without units). Hint: add 2x to each of the garden dimensions of 14 x 18 feet to get the total area for the length multiplied by width.arrow_forwardSolve x-1 x+2 = 12 3 4 Your Answer: Answerarrow_forwardFind the solutions to the following equation 21x²+5x=6 ○ a) -3/7, 3/2 ☐ b) -2/3, 3/7 ○ c) -7/3, 3/2 ○ d) -2/3, 7/3arrow_forward
- Listen Solve the quadratic equation. Write the one solution, do not write x =. 2 x²+6x+9= 0 বarrow_forwardSolve the rational equation 14 1 + x-6 x x-7 x-7 ○ a) x = 1, x = 8 ○ b) x = 1 ○ c) x = 7 ○ d) x = 1, x = 7arrow_forwardSolve the absolute inequality | x + 5 > 3 ○ a) (-∞, -8] U[-2, ∞0) ☐ b) (-8, -2) c) (-2, ∞0) ○ d) (-∞, - 8) U(-2, ∞0)arrow_forward
- 1) Listen Describe the error in the problem X 3 X x 3 - 2 = 25x = 0 25x 25 x = ±5arrow_forwardA falling object travels a distance given by the formula d = 6t + 7t² where d is in feet and t is the time in seconds. How many seconds will it take for the object to travel 115 feet? Round answer to 2 decimal places. (Write the number, not the units). Your Answer:arrow_forwardListen Solve the quadratic equation. Write the smaller answer first. 2 Xx - 5x = 24 x = Α x =arrow_forward
- Solve the absolute equation |2x = 4| = 10 ○ a) x = -7, x = 3 ○ b) x = -2, x = 6 ○ c) x = -3, x = 7 ○ d) x = 7arrow_forwardFind a rational inequality that has the solution set (-2, 5] О a) x-5 x+2 b) x+5 x-2 ΛΙ ≥ 0 < 0 VI О c) x-5 x+2 ≤0 VI ○ d) x +2 x-5 <0arrow_forward1) Listen Solve the quadratic equation by factoring. One solution is O. Find the other. (Just write the numerical answer, not x =) 2x² + 28x = 0 Your Answer:arrow_forward
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