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Mat-121 - 1.6 55 Demand P=-0.05q 65 Supply P=0.05q 10 5...

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HW 1.5 5.1 X= Substance A Y= Substance B Z= Substance C (1) 0.05x+ 0.15y+0.12z=1 (2) (1/5)x= (1/5)z= y 0.2x=y, x=y 0.05x+ 0.15 (0.2)x+0.12x=1 0.05x+ 0.03x+o.12x=1 0.2x=1 X=5 Z=5 Y=5x 0.2=1 Substance A= 5 oz Substance B= 1oz Substance C= 5 oz
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Unformatted text preview: 1.6 55. Demand: P= -0.05q+65 Supply: P=0.05q+10+5 because $5 tax per item is levied on the supplier (1)P= -o.o5q+65 (2)P= 0.05q+ 15 (1)+(2) to eliminate q 2p=80 P= $ 40 40= 0.05q+ 15 25=0.05q q= $500...
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