Retailers will buy 45 cordless phones from a wholesaler if the price is $10 each but only 20 if the price is $60. The wholesaler will supply 35 phones at $30 each and 56 at $42 each. Assuming the supply and demand functions are linear, find the market equilibrium point .
A)market equilibrium point:
B)market equilibrium point:
C)market equilibrium point:
D)market equilibrium point:
E)market equilibrium point:

Question

Retailers will buy 45 cordless phones from a wholesaler if the price is $10 each but only 20 if the price is $60. The wholesaler will supply 35 phones at $30 each and 56 at $42 each. Assuming the supply and demand functions are linear, find the market equilibrium point  . ​
A)market equilibrium point: 
B)market equilibrium point: 
C)market equilibrium point: 
D)market equilibrium point: 
E)market equilibrium point:

Quizplus · Accepted Answer

The Answer of Retailers will buy 45 cordless phones from a wholesaler if the price is $10 each but only 20 if the price is $60. The wholesaler will supply 35 phones at $30 each and 56 at $42 each. Assuming the supply and demand functions are linear, find the market equilibrium point  . ​
A)market equilibrium point: 
B)market equilibrium point: 
C)market equilibrium point: 
D)market equilibrium point: 
E)market equilibrium point:

Retailers Will Buy 45 Cordless Phones from a Wholesaler If