Page 1 of 1
Suppose that the supply function for honey is p = S(q) = 0.3q +2.7, where p is the price in dollars for an 8-oz containe
Posted: Thu Jun 30, 2022 9:34 pm
by answerhappygod
- Suppose That The Supply Function For Honey Is P S Q 0 3q 2 7 Where P Is The Price In Dollars For An 8 Oz Containe 1 (232.18 KiB) Viewed 36 times
Suppose that the supply function for honey is p = S(q) = 0.3q +2.7, where p is the price in dollars for an 8-oz container and q is the quantity in barrels. Suppose also that the equilibrium price is $4.50 and the demand is 2 barrels when the price is $6.50. Find an equation for the demand function, assuming it is linear. The demand function is D(q) = (Simplify your answer. Use integers or decimals for any numbers in the expression.)