The supply and demand function for a product are linear....

[alexisonfire181]

The supply and demand function for a product are linear and can be determined from the given table. Find the price that will give market equillibrium and determine these functions.

Quality - Supply Price - Demand Price

200 - $100 - $200

400 - $200 - $100

600 - $300 - $0

 

[jwpaine]

Please show the work that you have done in attempt to solve this problem. What are you stuck on? We won't do the work for you.

Thanks,
John.

 

[alexisonfire181]

here i dont even know where to start

 

[stapel]

here i dont even know where to start

So your class hasn't covered slopes, linear equations, graphing straight lines, or any of that stuff? Harsh!

Let us know on which bits you need lessons, and we'll be glad to find some lesson links. Once you understand the basic underlying concepts, you'll be well on your way to starting, and finishing, the exercise!

Eliz.