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rukh
Group Title
Determine if the given equation is a supply or demand equation.
17 p + 14 x^2 = 714
A. Demand equation
B. Supply equation
For supply equations, find the minimum price for which there will be any supply.
For demand equations, find the maximum price that can be charged and the maximum demand.
(Type 0 if it does not apply.(Even though 0 might not be the answer.))
Minimum price =
Maximum demand =
Maximum price =
 2 years ago
 2 years ago
rukh Group Title
Determine if the given equation is a supply or demand equation. 17 p + 14 x^2 = 714 A. Demand equation B. Supply equation For supply equations, find the minimum price for which there will be any supply. For demand equations, find the maximum price that can be charged and the maximum demand. (Type 0 if it does not apply.(Even though 0 might not be the answer.)) Minimum price = Maximum demand = Maximum price =
 2 years ago
 2 years ago

This Question is Closed

slaaibak Group TitleBest ResponseYou've already chosen the best response.1
\[P = {14 \over 17}x^2 + 42\] Clue: demand curves are usually downward sloping. Supple curves are usually upward sloping.
 2 years ago

rukh Group TitleBest ResponseYou've already chosen the best response.0
so demand is negative...what will max demand be?
 2 years ago

slaaibak Group TitleBest ResponseYou've already chosen the best response.1
Max demand would be when the price is zero. Maximum price would be when demand = 0.
 2 years ago

rukh Group TitleBest ResponseYou've already chosen the best response.0
so how do i find?
 2 years ago

slaaibak Group TitleBest ResponseYou've already chosen the best response.1
To find max price, set x=0 to find max quantity, set p = 0
 2 years ago

rukh Group TitleBest ResponseYou've already chosen the best response.0
Maximum demand = 7.14
 2 years ago
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