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The quantity demanded x each month of Russo Espresso Makers is 250 when the unit price...

The quantity demanded x each month of Russo Espresso Makers is 250 when the unit price p is $150; the quantity demanded each month is 1000 when the unit price is $120. The suppliers will market 750 espresso makers if the unit price is $50. At a unit price of $60, they are willing to market 1500 units. Both the demand and supply equations are known to be linear. Find the supply and demand equations. Find the equilibrium price and quantity.

a) find the demand of equation p=

b) find the supply equation p=

c) find the equilibrium quantity and the equilibrium price

equilibrium quantity ? units

equilibrium price? $

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orchestra answered 2 years ago
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