The quantity demanded x each month of Russo EspressoMakers is 250 when the unit price p is $170; the quantitydemanded each month is 750 when the unit price is $150. Thesuppliers will market 750espresso makers if the unit price is $110.At a unit price of $130, they are willing to market 2250 units.Both the demand and supply equations are known to be linear.
(a) Find the demand equation.
p =
(b) Find the supply equation.
p =
(c) Find the equilibrium quantity and the equilibrium price.
| equilibrium quantity | | units |
| equilibrium price | $ | |
