The following relations describe monthly demand and supply for computer support service catering to small business. QD = 3,000 10P – QS = -1,000 + 10P Where is number businesses that need services and is the monthly fee, in Q P dollar. At what average monthly fee would demand equal zero? QD = 3000-10P 3000-10P = 0 10P = 3000 P=$300 At what average monthly fee would supply equal zero? QS = -1000+10P -1000+10P = 0 10P = 1000 P=$100
The following relations describe monthly demand and supply for computer support service catering to small business. QD = 3,000 – 10P QS = -1,000 + 10P Where Q is number businesses that need services and P is the monthly fee, in dollar. At what average monthly fee would demand equal zero? QD = 3000-10P 3000-10P = 0 10P = 3000 P=$300 At what average monthly fee would supply equal zero? QS = -1000+10P -1000+10P = 0 10P = 1000 P=$100
Supply%20and%20Demand.docx