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The quantity demanded x of a certain brand of DVD player is 3000/week when the unit...

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Advance Math

The quantity demanded x of a certain brand of DVDplayer is 3000/week when the unit price p is $485. Foreach decrease in unit price of $20 below $485, the quantitydemanded increases by 250units. The suppliers will not market anyDVD players if the unit price is $350 or lower. But at a unit priceof $525, they are willing to make available 2500 units in themarket. The supply equation is also known to be linear.

(a) Find the demand equation.
p(x) =  



(b) Find the supply equation.
p(x) =  



(c) Find the equilibrium quantity and the equilibrium price.

equilibrium quantity    units
equilibrium price$

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