Question 3 At a price of N188 per pound the supply for cherries in a large city is 16000 pounds, and the
demand is 10,600 pounds. When the price drops to N1 46 per pound the supply decreases to
10.000 pounds and the demand increases to 12,700 pounds. Assume that the price supply
and price-demand equations are linear
Required
Find the price-supply equation
Find the price-demand equation
Find the supply and demand at a price of N209 per pound
2012 mars
Find the supply and demand at a price of N132 per pound
use the matrix method to find the equilibrium price and equilibrium demand