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The Quantity Demanded of a Certain Brand of DVD Player

Question 63

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The quantity demanded of a certain brand of DVD player is 2,200/wk when the unit price is $475. For each decrease in unit price of $28.00 below $475, the quantity demanded increases by 350 units. The suppliers will not market any DVD players if the unit price is $350 or lower. But at a unit price of $500, they are willing to make available 2,500 units in the market. The supply equation is also known to be linear.
Find the demand equation. The quantity demanded of a certain brand of DVD player is 2,200/wk when the unit price is $475. For each decrease in unit price of $28.00 below $475, the quantity demanded increases by 350 units. The suppliers will not market any DVD players if the unit price is $350 or lower. But at a unit price of $500, they are willing to make available 2,500 units in the market. The supply equation is also known to be linear. Find the demand equation. __________ Find the supply equation. __________ Find the equilibrium quantity. __________ DVD players Find the equilibrium price. $ __________ __________
Find the supply equation. The quantity demanded of a certain brand of DVD player is 2,200/wk when the unit price is $475. For each decrease in unit price of $28.00 below $475, the quantity demanded increases by 350 units. The suppliers will not market any DVD players if the unit price is $350 or lower. But at a unit price of $500, they are willing to make available 2,500 units in the market. The supply equation is also known to be linear. Find the demand equation. __________ Find the supply equation. __________ Find the equilibrium quantity. __________ DVD players Find the equilibrium price. $ __________ __________
Find the equilibrium quantity. The quantity demanded of a certain brand of DVD player is 2,200/wk when the unit price is $475. For each decrease in unit price of $28.00 below $475, the quantity demanded increases by 350 units. The suppliers will not market any DVD players if the unit price is $350 or lower. But at a unit price of $500, they are willing to make available 2,500 units in the market. The supply equation is also known to be linear. Find the demand equation. __________ Find the supply equation. __________ Find the equilibrium quantity. __________ DVD players Find the equilibrium price. $ __________ __________ DVD players
Find the equilibrium price. The quantity demanded of a certain brand of DVD player is 2,200/wk when the unit price is $475. For each decrease in unit price of $28.00 below $475, the quantity demanded increases by 350 units. The suppliers will not market any DVD players if the unit price is $350 or lower. But at a unit price of $500, they are willing to make available 2,500 units in the market. The supply equation is also known to be linear. Find the demand equation. __________ Find the supply equation. __________ Find the equilibrium quantity. __________ DVD players Find the equilibrium price. $ __________ $ __________

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