# Finding Equilibrium Quantity And Price

Question

The quantity demanded each month of Russo Espresso Makers is 250 when the unit price is \$111.00. The quantity demanded each month is 1000 when the unit price is \$81.00. The suppliers will market 750 espresso makers if the unit price is \$37.00 or lower. At a unit price of \$69.00, they are willing to make available 2350 units in the market. Both the demand and supply equations are known to be linear. Find the equilibrium quantity and the equilibrium price.

a. equilibrium quantity 1650 units, equilibrium price \$55.00
b. equilibrium quantity 1650 units, equilibrium price \$40.00
c. equilibrium quantity 1540 units, equilibrium price \$40.00
d. equilibrium quantity 1540 units, equilibrium price \$55.00

Summary

The question belongs to Mathematics and it is about finding the equilibrium quantity and price of espresso coffee units and price.

Total Word Count NA

• Rasha

this is a very good website

• maani

I have 50 questions for the same test your page is showing only 28

• joeanne

• joeanne

hi can anyone help or guide me to my assignments. thanks

• Monik

• Cristina

This solution is perfect ...thanks

• Janete

Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes

• Sandeep

Perfect bank of solution.

• Oxana

great !

• Paul Brandon-Fritzius

thanks for the quick response. the solution looks good. :)

• tina Johnson

thnx for the answer. it was perfect. just the way i wanted it.

• Giuseppe

works fine.