Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. a group of retailers will buy 120 televisions from

A group of retailers will buy 120 televisions from a wholesaler if the price is $375...

60.1K

Verified Solution

Question

Basic Math

A group of retailers will buy 120 televisions from a wholesalerif the price is $375 and 160 if the price is $325. The wholesaleris willing to supply 88 if the price is $320 and 168 if the priceis $410. Assuming the resulting supply and demand functions arelinear, find the equilibrium point for the market. Find (q,p).

Answer & Explanation Solved by verified expert
4.4 Ratings (943 Votes)
Let the demand and the supply equations be y dp apb and y sp cpd respectively where p is the price of atelevisionSince there is a demand for 120 televisions from a wholesaler    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

facts vs. interpretations, hooks, commemoration, and historical significance write something

General Management
1.2K views

Question B5 Google has made some tremendous efforts in going green by slashing their energy usage and...

Accounting
1.2K views

You have been given responsibility for overseeing a bank’s small business loans division. The bank has...

Accounting
1.2K views

Tami Tyler opened Tami’s Creations, Inc., a small manufacturing company, at the beginning of the year....

Biology
1.2K views

Match the following statements with "prokaryotes", "eukariotes" or "both"Transcription and translation can happen simultaneouslyTranscription takes...

Physics
1.2K views

The impedance of R C circuit is Z for a frequency f and Z for...

Physics
1.2K views

drops g hockey puck rest vertically downward from a height of 1 05 m above...

Algebra
1.2K views

Find a formula for A using the technique covered in class You may use Maple...

Algebra
1.2K views

The flag of a country contains an isosceles triangle Recall that an isosceles triangle contains...

Accounting
1.2K views

Based on your understanding of the information presented in the case, how did Enrons Chewco...

Accounting
1.2K views

Ticketsales, Inc., receives $7,760,000 cash in advance ticket sales for a four-date tour of Bon...

Accounting
1.2K views

Which one of the following statements describes the rules about posting transactions into T-accounts in...