
College Algebra in Context with Applications for the Managerial, Life, and Social Sciences 3rd Edition by Ronald J Harshbarger, Lisa Yocco
Edition 3ISBN: 032157060X
College Algebra in Context with Applications for the Managerial, Life, and Social Sciences 3rd Edition by Ronald J Harshbarger, Lisa Yocco
Edition 3ISBN: 032157060XStep 1 of 4
Consider that the supply function and the demand function for a product are linear and are determined by the table that follows.
Supply Price | Function Quantity | Demand Price | Function Quantity |
200 | 400 | 400 | 400 |
400 | 800 | 200 | 800 |
600 | 1200 | 0 | 1200 |
Let us create the supply and demand function and find the price that gives the market equilibrium.
First we create the supply function.
For this, enter the data of supply price and function quantity from the above table in the lists of a graphing utility.
The figure below shows a partial list of the data points.
The supply function, found using linear regression with a graphing calculator.


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