The demand function for x is D(p) = 65 - 2p and the supply function is S(p) = 20 + p. What is the price that should be set to restrict the quantity supplied to 30 units?
S(p) = 20 + p. where S is quantity supplied and P is price of the good.
S = 30
P = S- 20
P = 30 - 20 = 10
At $10, supply = 30 units.
The demand function for x is D(p) = 65 - 2p and the supply function is...
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I need working and the graph. Thanks
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