equilibrium - Demand decreases because the slope is...

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a) Graph the equations on the same coordinate system. ----------------------------------------------------------------- b) What happens to the supply as the price increases? supply increases because the slope is positive; it is 200. c) What happens to the demand as the price increases?
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Unformatted text preview: Demand decreases because the slope is negative; it is -100-d) The price at which supply and demand are equal is called the equilibrium price. What is the equilibrium price? 5000 + 200x = 9500 - 100x 300x = 4500 x = $15...
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