"> (Answered) ) Demand is described by P=21-0.03Q+0.001A, where A is the industry-wide spending on advertising. Supply is described by P=7+0. Calculate the... - Tutorials Prime

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(Answered) ) Demand is described by P=21-0.03Q+0.001A, where A is the industry-wide spending on advertising. Supply is described by P=7+0. Calculate the...


) Demand is described by P=21-0.03Q+0.001A, where A is the industry-wide spending on advertising. Supply is described by P=7+0. Calculate the...


1.)Demand is described by P=21-0.03Q+0.001A, where A is the industry-wide spending on advertising. Supply is described by P=7+0.01Q. Calculate the equilibrium price if A=10,000. Answers must be within 0.2 of the actual value to be counted as correct. Do not include spaces, dollar signs, or plus signs.2.) Demand is described by P=21-0.03Q+0.001A, where A is the industry-wide spending on advertising. Supply is described by P=7+0.01Q. Calculate the equilibrium quantity if adveristing is cut to 2000 (A=2000).Answers must be within 1.0 of the actual value to be counted as correct. Do not include spaces or plus signs.3.) Demand is described by P=21-0.03Q+0.001A, where A is the industry-wide spending on advertising. Supply is described by P=7+0.01Q. Calculate the equilibrium price if A=2000.Answers must be within 0.2 of the actual value to be counted as correct. Do not include spaces, dollar signs, or plus signs.

 


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Jan 02, 2020

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