The consumer of a bottle is willing to pay 18 for 3000, Ask an Expert

Economics

The consumer of a bottle is willing to pay $18 for 3000 bottles but for every $8 decrease they are willing to buy 9000 more bottles. the suppliers will not supply any bottles at a price of $6 per bottle, but are willing to sell 3000 bottles for a unit price of $10. The supply and demand are linear.

a) find the demand equation

b) find the supply equation

c) find equilibrium

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91707337

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