1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
antoniya [11.8K]
4 years ago
10

Given the following two functions. Qa=50+p. Qb=200-4p. (A) IDENTIFY WHICH IS THE SUPPLY FUNCTION OF DEMAND FUNCTION

SAT
1 answer:
morpeh [17]4 years ago
7 0
(A) The supply function generally is considered to have positive slope. Qa has positive slope. Qb has negative slope, so is probably the demand function.
  supply function: Qa
  demand function: Qb


(B) The equilibrium price is the price that makes supply equal to demand.
  Qa = Qb
  50 +p = 200 -4p
  5p = 150
  p = 30
The equilibrium price is 30.

(C) The price elasticity of supply is computed as
  Es = (dQa/dp)·(P/Qa) = 1·p/(50+p)
  Es = p/(50+p)

At p=30, the numerical value is Es = 30/80 = 3/8. Qualitatively, the supply is inelastic.
You might be interested in
How is a federal loan different from a private loan for an education?
Pepsi [2]
According to consumerfinance.gov private student loans are not funded or subsided by the federal government private student loans are funded by banks, credit unions, state loan programs, or other types of lenders.
7 0
3 years ago
Read 2 more answers
Markel entered into a contract with jaylin to paint a portrait for her in consideration of $600. This contract was freely negoti
Alina [70]

This kind of contract is a<u> unilateral contract </u>

<h3>Unilateral contract </h3>

A unilateral contract is a type of contract whereby only a party in the contract is willing to offer something in exchange for performance of the other party.

In the contract entered between Markel and Jaylin, Jaylin will pay Markel $600 for the painting but does not give Marke a time limit for delivering the job. Therefore the offer is based on Markel's performance and Markel is not fully obligated as well.

Hence we can conclude that the kind of contract is a unilateral contract.

Learn more about unilateral contract : brainly.com/question/25313756

6 0
3 years ago
What mass of pcl5 will be produced from the given masses of both reactants?
Leona [35]

Answer:

69.0

Explanation:

 69.0 g of pcI5 will be produced from the given masses of both reactants.

7 0
3 years ago
A recent survey by a large circulation canadian magazine on the contribution of universities to the economy was circulated to 39
madam [21]

The main problem associated with using these results to draw conclusions about the general public's perception is a lack of random selection.

<h3>What is a simple random sample?</h3>

A simple random sample simply refers to a subset of items that are typically selected from a statistical population (larger data set), wherein, each member of the subset has an equal probability of being selected.

Based on this survey by the Canadian magazine, we can infer and logically deduce that the main problem associated with using the aforementioned results to draw conclusions about the general public's perception is a lack of random selection.

Read more on random sample here: brainly.com/question/17831271

#SPJ1

7 0
2 years ago
An can be a visual or mathematical representation of and object or process
White raven [17]

Answer:

Could you phrase that better?

Explanation:

4 0
3 years ago
Other questions:
  • What is 4 x 4?<br><br><br><br> No one answer this. i know its stupid.
    9·1 answer
  • If S is the set of positive integers that are multiples of 7, and if T is the set of positive integers that are multiple of 13,
    12·2 answers
  • IMPOSSIBLE COMBO, ONLY GODS CAN SOLVE::
    8·1 answer
  • How should the subject-verb agreement in this sentence be changed, if at all?
    15·2 answers
  • If Erica walks 4 miles in 60 minutes, then Erica will walk how far in 100 minutes if she walks at the
    15·1 answer
  • Country
    15·1 answer
  • If a box of clothes weighing 10 lbs (4. 5 kg) and a box of books weighing 10 lbs (4. 5 kg) were placed on a scale, what is most
    5·1 answer
  • Similes and metaphor Flocaburlary
    14·1 answer
  • Which of the following best describes the reason for using indirect organization
    8·1 answer
  • As air sinks in the atmosphere it ____ and ____.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!