Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. the quantity demanded of a certain electronic devi

The quantity demanded of a certain electronic device is 1000 units when the price is $665....

50.1K

Verified Solution

Question

Basic Math

The quantity demanded of a certain electronic device is 1000units when the price is $665. At a unit price of $640, demandincreases to 1200 units. The manufacturer will not market any ofthe device at a price of $90 or less. However for each $50 increasein price above $100, the manufacturer will market an additional1000 units. Assume that both the supply equation and the demandequation are linear.

(a) Find the supply equation.

(b) Find the demand equation

(c) Find the equilibrium price.

(d) Find the equilibrium quantity

Answer & Explanation Solved by verified expert
3.5 Ratings (600 Votes)
Given that manufacturer will not supply any device at a price of 90 And For 150 He would supply 1000 units So we have given two points 0 90 and 1000 150 Equation of    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

Biology
1.2K views

The K+ concentration inside a nerve cell is found to be 20x higher outside the cell...

Mechanical Engineering
1.2K views

If there are two identical pots of water next to one another and you bring both of...

Physics
1.2K views

cting loop of resistance R and radius r has its centre at the origin of...

Geometry
1.2K views

angle I can prove properties of angles for a quadrilateral ascribed in a circle Lesson...

Algebra
1.2K views

Factor the expression completely 5x 5x 10 5x 5x 10

Accounting
1.2K views

16. Researchers in the field of __________ are finding links between genetic factors and psychological...

Accounting
1.2K views

The static budget at the beginning of the month, for New England Furniture Company follows:...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] Brianna's Boutique has the...

Accounting
1.2K views

Your medical practice actually received cash receipts much lower than expected. Stand alone explanation might...

Accounting
1.2K views

On July 23 of the current year, Dakota Mining Company pays $7,310,640 for land estimated...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] Emily Company uses a...

Accounting
1.2K views

You are being offered an engagement to investigate an internal fraud. The retaining attorney offers...