Refer to the diagram to the right. The Market 100.00 The equation for market demand is given by: D(p) = 950 - 10p 90.00-

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Refer To The Diagram To The Right The Market 100 00 The Equation For Market Demand Is Given By D P 950 10p 90 00 1 (109.06 KiB) Viewed 48 times

Refer to the diagram to the right. The Market 100.00 The equation for market demand is given by: D(p) = 950 - 10p 90.00- 80.00- The equation for the supply curve of all other firms is given by: S°(p) = - 400 + 20p 70.00- 60.00- s? Price 50.00 45.00 p = 42.32 At the market equilibrium price of $45.00, the residual demand for a given firm is: 0 units (enter your response as an integer). 40.00- 30.00- 20.00- At a market price of $42.32, the residual demand for this same firm is: units (enter your response as an integer). 10.00- D? :500 0.00+ H. 0 100 200 300 400 500 600 700 800 900 10 Quantity (per week)