At a unit price of $768, the quantity demanded of a certain
commodity is 73 pounds. If the unit price increases to $844, the
quantity demanded decreases by 19 pounds. Find the demand equation
(assuming it is linear) where p is the unit price and
x is the quantity demanded for this commodity in
pounds.
p = ?
At what price are no consumers willing to buy this commodity?
$
According to the above model, how many pounds of this commodity
would consumers take if it was free?
pounds
At a unit price of $768, the quantity demanded of a certain commodity is 73 pounds....
The quantity demanded x ofe certain brand of DVD player is 3000/week when the unit price p is $485. For each decrease in unit price of $20 below $485, the quantity demanded increases by 500 units. The suppliers will not market any DVD players if the unit price is $300 or lower. But at a unit price of $525, they are willing to make available 2000 units in the market. The supply equation is also known to be linear (a)...
The quantity demanded each month of Russo Espresso Makers is 250 when the unit price is $136. The quantity demanded each month is 1000 when the unit price is $106. The suppliers will market 750 espresso makers when the unit price is $76 or higher. At a unit price of $96, they are willing to market 2250 units. Both the supply and demand equations are known to be linear. (a) Find the demand equation. p = -0.04x + 145 (b)...
Suppose that the price p for a certain commodity declines toward $3 as the quantity available to consumers gets larger and larger. It is also known that when q=0, p=24, and when q=10, p=15. Determine the linear-to-linear rational demand function that satisfies these conditions. (Round any values to one decimal place if needed.) p = ?
in the price of referater to 1/6 Submissions Used 0.55/1.66 points Previous Answers Producers will make 1000 refrigerators available when the unit price is $410. At a unit price of $450, 5000 refrigerators will be marketed. Find the equation the quantity supplied x the equation is known to be linear p - 100x How many refrigerators will be marketed when the unit price is $4907 9000 refrigerators willing to market refrigerator? At what price will suppliers be My Notes W...
66. DEMAND FOR COMMODITIES Assume that the demand func tion for a certain commodity has the form ax+ where x is the quantity demanded, measured in units of a thousand and p is the unit price in dollars. Suppose the quantity demanded is 6000 ( 6) when the unit price is $8 and 8000 (x = 8) when the unit price is $6. Determine the demand equation. What is the quantity demanded when the unit price is set at $7.50?
The quantity demanded each month of Russo Espresso Makers is 250 when the unit price is $128. The quantity demanded each month is 1000 when the unit price is $98. The suppliers will market 750 espresso makers when the unit price is $64 or higher. At a unit price of $84, they are willing to market 2250 units. Both the supply and demand equations are known to be linear. (a) Find the demand equation. Your answer cannot be understood or...
The demand function for a certain commodity is given by p 100e2. (p is the price per unit and q is the number of units.) (a) At what price per unit will the quantity demanded equal 4 units? (Round your answer to the nearest cent.) (b) If the price is $2.95 per unit, how many units will be demanded, to the nearest unit? units
The quantity demanded x for a certain brand of MP3 players is 100 units when the unit price p is set at $100. The quantity demanded is 1100 units when the unit price is $60. Find the demand equation. p = Sketch its graph. (Sketch the curve as a segment.)
Based upon market research, the Hawthorne Company has determined that consumers are willing to purchase 133 units of their portable media player each week when the price is set at $46.20 per unit. At a unit price of $11.80, consumers are willing to buy 305 units per week. (a) Determine the weekly demand equation for this product, assuming price, p, and quantity, x, are linearly related. p (b) Determine the weekly revenue function. R(x) (c) Determine the number of units...
Let Qd be the number of units of a commodity demanded by consumers at a given time t and let Qsdenote the number of units of the commodity supplied by producers at a given time t. Let p be the price in dollars of the commodity at time t. Suppose the supply and demand functions for a certain commodity in a competitive market are given, in hundreds of units, by Qs = 30 + p + 5 dp/dt Qd =...