The table below gives the quantity of fancy widgets demanded and the quantity supplied for selected prices.
(a) Find the linear equation that gives the price as a function of the quantity demanded.
(b) Find the linear equation that gives the price as a function of the quantity supplied.
(c) Use these equations to find the market equilibrium price.
Price
($)
50
60
70
80
100
Quantity Demanded (thousands)
285
235
185
135
35
Quantity
Supplied (thousands)
0
100
200
300
500

left 3, up 4

step-by-step explanation:

just count the values of x & y of the vertex of the graph and see how many units in the x and y direction will get you from the f(x) graph to the f(x) graph

a

step-by-step explanation:

when a number is between two straight lines it means the absolute value.

to find absolute value you need to know how many numbers is that number away from 0.

when finding absolute value the number will always come out positive

so absolute value of -3 is 3

absolute value of 3/2 is 3/2

absolute value of -2 is 2

absolute value of 3.5 is 3.5

absolute value of -1 is 1

now put these numbers in order:

a)   |-1|, |3/2|, |-2|, |-3|, |3.5|

answer:

the answer is b) divide by -4 on each side and flip the sign.

step-by-step explanation:

we first need to start by dividing. this is because it is a multiplication problem to start.

we also need to make sure we flip the sign because any time you multiply or divide by negative numbers, the sign must be flipped.