This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose the equation for the demand curve is P = 8 3Qd and the equation for the supply curve is ... (Read 70 times)

camac77

  • Full Member
  • ***
  • Posts: 139
on: Nov 23, 2022

Question 1

Using the Supply and Demand Curves to Find Equilibrium

The table shows the quantity of lilies that are demanded and supplied at various prices.
PriceQuantity DemandedQuantity Supplied
1.5210​105​
2.5175​140​
3.5140​175​
4.5105​210​
What is the equilibrium price? What is the equilibrium quantity? Round your final answer to two decimal places.
◦ $3, 105
◦ $4.5, 157.5
◦ $3, 157.5
◦ $4.5, 105

Question 2

Suppose the equation for the demand curve is P = 8 – 3Qd and the equation for the supply curve is What is the equilibrium price and quantity? Round your final answer to two decimal places.
◦ $0.29, 2.57
◦ $0.29, 2
◦ $2.00, 2.57
◦ $2.00,2
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by camac77 on Nov 23, 2022

jacquelyngibson

  • Full Member
  • ***
  • Posts: 161
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


camac77

  • Member
  • Posts: 139
Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

The Light Curve of a Nova The Light Curve of a Nova
Write the equation for the voltage at any instant, and find the voltage at 4.0 s Write the equation for the voltage at any instant, and find the voltage at 4.0 s
How to create a table of values from an equation and graph How to create a table of values from an equation and graph
How to find the equation of a line that is perpendicular to a line passing through a point How to find the equation of a line that is perpendicular to a line passing through a point
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
The Frequency Distribution Curve of a Drug The Frequency Distribution Curve of a Drug
Video: Primate Evolutionary Tree Animation

For a complete list of videos, visit our video library