I am having trouble figuring out which graph is right, could you guys please tell me which one it is, and explain why its the correct one?
Here is a link to the question and graphs:
http://www.flickr.com/photos/13557617@N03/1383516767/
2007-09-14 15:52:18 · 3 answers · asked by finitemathkid 1 in Science & Mathematics ➔ Mathematics
There are 2 functions defined so there need to be 2 on the graph.
That gives you b or d.
d shows the correct 4/5 function when q is 500 (p is 400)
So the answer is d even though someone ticked b in the illustration.
2007-09-14 15:58:31 · answer #1 · answered by ignoramus 7 · 0⤊ 0⤋
D) is correct one
demnd D = 300 - (2/5) q
Supply, S = (4/5)q
when both supply and demand are equal
300 - (2/5)q = (4/5)q
300 = 6/5 q
q = 250
this should be the intersection point of the two lines. Graph D satisfies this condition
2007-09-14 16:12:02 · answer #2 · answered by mohanrao d 7 · 0⤊ 0⤋
the answer is b
2007-09-14 15:58:30 · answer #3 · answered by me 5 · 0⤊ 1⤋