Unformatted text preview: 56. The quantity demanded each month of a certain brand of coﬀee machine is 275 when the unit price is $50. For each decrease in unit price of $5 below $50, the quantity demanded increases by 30 units. The suppliers will not market any coﬀee machines if the unit price is $30 or lower. But at a unit price of $60, they are willing to supply 400 units. Find the equilibrium quantity and the equilibrium price. 12...
View
Full Document
 Fall '08
 JillZarestky
 Probability, Standard Deviation, Supply And Demand, Unit price, randomly selected newborn

Click to edit the document details