question archive The demand and supply for gloves are P= 120-3Q P=-20+2Q a
Subject:MathPrice: Bought3
P= 120-3Q
P=-20+2Q
a. Calculate the equilibrium quantity and price. Plot these equations on a graph an label all axes, curves, intercepts, and equilibrium values.
b. Suppose the government sets P=40. Is this a price floor or a price ceiling? will there be surplus or shortage? How much? Show your calculations algebraically and show on a separate graph.
Y= x2-6x+6
Y=23-3x2
P=-2QW+8Q
C=Y+100
Q=120-2.5P
Y=X3-3X2-9X
Y=X2-20X+20
Y=1/3T3-2T2-5T+8
Y=X2-8X+6
Y=1/3X3-X2-3
Y=43-6X2
Q=64P+1/P
P=200-2Q2
P=200-2(Q-4)2