Please help. I'm lost with this word Problem. (Supply and demand) A manufacturer of calculators finds that the supply and demand are given by S = 750p + 40,000 D = -400p + 132,000 (a) Find the equilibrium price. (b) What is the number of calculators sold at this price?
S -750p = 40,000 D + 400p = 132,000 u know how to slove?
u want me solve?
I have no clue; i'm sorry
frist equqtiob time (-1) = -S +750p = -40,000 -S +750p = -40,000 D + 400p = 132,000 Add------------------------- 1150p=92000 p = 92000/1150 p =80 plug p =80 find s D + 400(80) = 132,000 D+ 32000 = 132,000 D= 132000-32000 D =1000,000 here your answer
frist equation time (-1)
If I deserve medal then give me one
Of course...so is the (b) at 1000,000
thank
Supply =1000,000 demand =80
Thank you so much..great..
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