Question

Question

The demand function for ice creams is given by
D(q) = 25 – 5q,
and the supply function is
S(g) = 29,
where q is the number of ice creams in supply, in thousands. What is S(q) when 3,000 ice creams are in supply? Give your
answer as an integer, and do not include the dollar symbol or any other symbols in your answer.
Provide your answer below:

Answer 1

25-5(29)=-120

Explanation:

Answer 2

Answer:6

Explanation:

We are dealing with 3,000 ice creams in supply, and so we have q=3. Hence S(q), the price of each item when q are in supply is given by

S(3)=2⋅3=6.