The quantity demanded of a certain brand of DVD player is 2,200/wk when the unit price is $475. For each decrease in unit price of $28.00 below $475, the quantity demanded increases by 350 units. The suppliers will not market any DVD players if the unit price is $350 or lower. But at a unit price of $500, they are willing to make available 2,500 units in the market. The supply equation is also known to be linear.
Find the demand equation.
p(x)=__________
Find the supply equation.
p(x)=__________
-0.08x+651:0.069x+350:2,150:479
Mathematics
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