The demand for your college newspaper is 9,000 copies each week if the paper is given away free of charge, and drops to 8,000 each week if the charge is 10¢/copy. However, the university is prepared to supply only 600 copies per week free of charge, but will supply 1,400 each week at 20¢ per copy. Write down the associated linear demand and supply functions
if someone wants medal tell me how because i dont have any idea how to...
you are given two points for the demand; they are 0,9000 and 10,8000
D(x) = -100x +9000
you are given two points for the supply as well right?
0,600 and 20,1400
yeah but at $.20
S(x) = 400x+600
they are two the demand and the supply functions that I need to do
40x that is
yes; the demand is a function of the 2 points given; find the slope and y intercept same with the supply
amistre come on chat
in a min :)
Demand = -100x +9000 Supply = 40x+600
x is in cents
ooh ok ok
ooooh i get it wow. easier thnx!!! ;D
at what point does supply equal demand?
you might wanna adjust that for a decimal ..... i just did it for cents straight out the box
ok dont worry i know the last step but couldt remember how to plug in the demand and supply thnx
come on chat amistre
youre welcome :)
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