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 ...

Question

Mathematics

Kobe

10 March, 04:32

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 ...

+3

Answers (1)

Know the Answer?

Cheese · Answer 1

price is 2,5 punds

quantity is 500

Step-by-step 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