Question

Suppose that the demand and price for a certain brand of shampoo are related by p = 16-9 Where p is price in dollars and q is demand. i) Find the price for a demand of: O units: 8 units ii) Find the demand for the shampoo at a price of: S6, Sil, S16 in) Graph: p = 16-3) Suppose the price and supply of the shampoo are related by 3 p=49 Where q represents the supply, and p the price. iv) Find the supply when the price is : $0, $10, $20 » Graph p = on the same axes used for part (iii) vi) Find the equilibrium supply vii) Find the equilibrium price.​

Answer 1

Step-by-step explanation:

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Answer 2

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