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BenAff BenAff
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5 years ago

Question 1.

If the quantity of soccer balls demanded is represented by the demand equation QD = 80 - 2P, then to solve for the price of soccer balls, the equation would be rewritten as

• P = 1.6QD + 80.

• P = 80 - QD.

• P = 40 - 0.5QD.

• P = QD + 160.

Question 2.

If the quantity of donuts supplied is represented by the supply equation QS = -15 + 5P, then to solve for the price of donuts, the equation would be rewritten as

• P = 0.2QS + 3.

• P = 5QS + 75.

• P = QS - 7.5.

• P = 15 - 0.5QS.
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Microeconomics

Microeconomics


Edition: 7th
Authors:
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blazeypoohblazeypooh
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BenAff Author
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#2
5 years ago
Good timing, thanks!
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