Question

A model for the number of pounds of kiwis consumers are willing to buy, called

the demand, is given by q = -400p + 1500, where p is the price per pound and q
is the quantity in pounds. The amount of kiwis producers are willing to supply is
given by q = 200p. Find the price for kiwis when supply and demand are equal..​

Answer 1

price is 2,5 punds

quantity is 500

Explanation:

1.

demand is given by: q=-400p + 1500

supply is given by: q=200p

2. the demand and supply are equal so the equasion is: q=q

200p = -400p + 1500

600p = 1500

p = 2,5

3. Now when we have price, easly we can calculate and the quantity:

q=200 x 2,5

q=500