Purchase Solution

Demand Curve

Not what you're looking for?

Ask Custom Question

4) (demand curve)The demand curve for a certain commodity is p=-.001q+32.5
a) At what price can 31,500 units of the commodity be sold at?
b) What quanities are so large that many units of the commodity can't possibly be sold no matter how low the price... The hint they gave was to drop the price, make an inequality and solve for q.

Purchase this Solution

Solution Summary

A demand curve is analyzed. The solution is detailed and well presented. The response received a rating of "5/5" from the student who originally posted the question.

Solution Preview

a) When q=31,500, p=-0.001*31,500+32.5=1
So the price is 1 dollar.
b) Even the ...

Purchase this Solution


Free BrainMass Quizzes
Probability Quiz

Some questions on probability

Solving quadratic inequalities

This quiz test you on how well you are familiar with solving quadratic inequalities.

Geometry - Real Life Application Problems

Understanding of how geometry applies to in real-world contexts

Multiplying Complex Numbers

This is a short quiz to check your understanding of multiplication of complex numbers in rectangular form.

Know Your Linear Equations

Each question is a choice-summary multiple choice question that will present you with a linear equation and then make 4 statements about that equation. You must determine which of the 4 statements are true (if any) in regards to the equation.