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Mathematics, 05.05.2020 08:22 humphreybrittany42

Suppose that the supply and demand for sunglasses are

p=0.8q+6

p=-1.2q+14

Where p is the price in dollars and q is the quantity in hundreds.

a. Find the supply and demand (to the nearest unit) if sunglasses are sold for $7 each.

Discuss the stability of the sunglasses market at this price.

b. Find the supply and demand (to the nearest unit) if sunglasses are sold for $11 each.

Discuss the stability of sunglasses market at this price.

c. Find the equilibrium price and quantity

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Answers: 1

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Suppose that the supply and demand for sunglasses are

p=0.8q+6

p=-1.2q+14
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