A shoe store owner will buy 10 pairs of a certain shoe if the price is $75 per pair and 30 pairs if the price is $25. The supplier of the shoes is willing to provide 25 pairs if the price is $60 per pair but only 5 pairs if the price is $20. Assuming the supply and demand functions for the shoes are linear, find the market equilibrium point .
A)market equilibrium point:
B)market equilibrium point:
C)market equilibrium point:
D)market equilibrium point:
E)market equilibrium point:

Question

A shoe store owner will buy 10 pairs of a certain shoe if the price is $75 per pair and 30 pairs if the price is $25. The supplier of the shoes is willing to provide 25 pairs if the price is $60 per pair but only 5 pairs if the price is $20. Assuming the supply and demand functions for the shoes are linear, find the market equilibrium point  . ​
A)market equilibrium point: 
B)market equilibrium point: 
C)market equilibrium point: 
D)market equilibrium point: 
E)market equilibrium point:

Quizplus · Accepted Answer

The Answer of A shoe store owner will buy 10 pairs of a certain shoe if the price is $75 per pair and 30 pairs if the price is $25. The supplier of the shoes is willing to provide 25 pairs if the price is $60 per pair but only 5 pairs if the price is $20. Assuming the supply and demand functions for the shoes are linear, find the market equilibrium point  . ​
A)market equilibrium point: 
B)market equilibrium point: 
C)market equilibrium point: 
D)market equilibrium point: 
E)market equilibrium point:

A Shoe Store Owner Will Buy 10 Pairs of a Certain