if the demand equation for an item is dx 5x 80 and a supplier is willing to supply 10 items at 3

Name: if the demand equation for an item is dx 5x 80 and a supplier is willing to supply 10 items at 300 per item or 50 items at 1900 per item find theequilibrium quantity assuming linear supply a 57633
Uploaded: 2023-04-08T02:04:44-08:00
Duration: 4 min 1 s
Channel: Danielle Fairburn
Description: if the demand equation for an item is dx 5x 80 and a supplier is willing to supply 10 items at 300 per item or 50 items at 1900 per item find theequilibrium quantity assuming linear supply a 57633

Question

Danielle Fairburn · Accepted Answer

Step 1: Identify the demand equation. The demand equation is given as ( D(x) = -5x + 80 ).

Question

If the demand equation for an item is D(x) = -5x + 80 and a supplier is willing to supply 10 items at $300 per item, or 50 items at $1900 per item, find theequilibrium quantity, assuming linear supply and demand models. (Enter an answer rounded to the nearest whole number)

Please give Ace some feedback