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Butoxors [25]
3 years ago
5

If the equilibrium quantity demanded for a new sports watch is 900 truckloads of watches and the equilibrium price is $70 per wa

tch then a drop in the price of watches to $40
Business
1 answer:
IrinaVladis [17]3 years ago
8 0
This item is asking us to determine the number of truckloads of watches that needs to be manufactured in order to reach equilibrium. If we let x be the number of watches then, the equation that would best describe the given is,
                                    (900)(70) = (x)(40)
The value of x from the equation is 1575. Thus, the company needs to manufacture 1575 watches. 

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