The Identification Problem. Business is booming for Complex Controls, Inc., a leading supplier of analog/digital circuits and systems used for measurement and control. The average price received by CCI for the XKE device, and the number sold (output) over the past six quarters are as follows:
Quarterly demand and supply curves for CCI services are:

where Q is output (000), P is price, T is a trend factor, and T = 1 during Q-1 and increases by one unit per quarter.

Question

The Identification Problem. Business is booming for Complex Controls, Inc., a leading supplier of analog/digital circuits and systems used for measurement and control. The average price received by CCI for the XKE device, and the number sold (output) over the past six quarters are as follows:
  Quarterly demand and supply curves for CCI services are:
  
where Q is output (000), P is price, T is a trend factor, and T = 1 during Q-1 and increases by one unit per quarter.

Quizplus · Accepted Answer

The Answer of The Identification Problem. Business is booming for Complex Controls, Inc., a leading supplier of analog/digital circuits and systems used for measurement and control. The average price received by CCI for the XKE device, and the number sold (output) over the past six quarters are as follows:
  Quarterly demand and supply curves for CCI services are:
  
where Q is output (000), P is price, T is a trend factor, and T = 1 during Q-1 and increases by one unit per quarter.