## 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

1. rukh Group Title

anyone??

2. slaaibak Group Title

$P = {-14 \over 17}x^2 + 42$ Clue: demand curves are usually downward sloping. Supple curves are usually upward sloping.

3. rukh Group Title

so demand is negative...what will max demand be?

4. slaaibak Group Title

Max demand would be when the price is zero. Maximum price would be when demand = 0.

5. rukh Group Title

so how do i find?

6. slaaibak Group Title

To find max price, set x=0 to find max quantity, set p = 0

7. rukh Group Title

Maximum demand = 7.14

8. rukh Group Title

p is 42

9. rukh Group Title

thanks

10. slaaibak Group Title

yep