## anonymous 4 years ago 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 =

1. anonymous

anyone??

2. slaaibak

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

3. anonymous

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

4. slaaibak

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

5. anonymous

so how do i find?

6. slaaibak

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

7. anonymous

Maximum demand = 7.14

8. anonymous

p is 42

9. anonymous

thanks

10. slaaibak

yep

Find more explanations on OpenStudy