Recent Posts • Latest Topics • Unanswered Questions

If the quantity of sunglasses supplied is represented by the supply equation QS = -60 + 4P, then to ...

dwilliams11

wrote...

Go to Answer

Posts: 443

Rep:

5 years ago

If the quantity of sunglasses supplied is represented by the supply equation QS = -60 + 4P, then to ...

Question 1.

If the quantity of sunglasses supplied is represented by the supply equation QS = -60 + 4P, then to solve for the price of sunglasses, the equation would be rewritten as

• P = 0.25QS + 15.

• P = 15QS + 240.

• P = QS - 7.5.

• P = 12 - 0.4QS.

Question 2.

Table 4-6

Demand	Supply
P = 80 - QD	P = 50 + 1/2 QS
QD = 80 - P	QS = 2P - 100

Refer to Table 4-6. The equations above describe the demand and supply for Chef Ernie's Sushi-on-a-Stick. What are the equilibrium price and quantity (in thousands) for Chef Ernie's sushi?

• $80 and 80 thousand

• $60 and 20 thousand

• $50 and 100 thousand

• $40 and 50 thousand

Textbook

Microeconomics

Edition: 7^th

Authors: Hubbard, O'Brien

Read 37 times

1 Reply

Report

Replies

Answer verified by a subject expert

Bakari

wrote...

Posts: 371

Rep:

5 years ago

More solutions for this book are available here

1 Vote

melihaburcu

Report

Related Topics

dwilliams11 Author

wrote...

5 years ago

Helped a lot

kc123

wrote...

Yesterday

Just got PERFECT on my quiz

patyfeitosa

wrote...

2 hours ago

This site is awesome

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1021 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

119

171

415

Your Opinion

Previous poll results: Which country would you like to visit for its food?

It's sore throat season, why does my mucus have red spots?

Courses by Biology Forums

Bonobos, Chimpanzees, and the 98% DNA Link

Strange Ingredients Lurking in Doritos Chips

The Toxic Skin and Fungi Defense

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.