Mathematics, 28.01.2022 14:00 laurabwhiddon
Stutz Department Store will buy 10 pairs of sunglasses if the price is $76 per pair and 30 pairs if the price is $26. The supplier of the sunglasses is willing to provide 35 pairs if the price is $81 per pair but only 5 pairs if the price is $21. Assuming that the supply and demand functions for the sunglasses are linear.
Required:
a. Find the two ordered pairs for the demand function in the form (q, p).
b. Find the market equilibrium point.
Answers: 1
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Stutz Department Store will buy 10 pairs of sunglasses if the price is $76 per pair and 30 pairs if...
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