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Let the Supply and Demand Functions for a Certain Model $p=S(q)=\frac{2}{3} q \quad$

question 48

Multiple Choice

Let the supply and demand functions for a certain model of electric pencil sharpener be given by $p=S(q) =\frac{2}{3} q \quad$ and $p=D(q) =12-\frac{2}{3} q$ where p is the price in dollars and q is the quantity of pencil sharpeners (in hundreds) . Graph these functions on the same axes (graph the supply function as a dashed line and the demand function as A solid line) . Also, find the equilibrium quantity and the equilibrium price.
$Let the supply and demand functions for a certain model of electric pencil sharpener be given by p=S(q) =\frac{2}{3} q \quad and p=D(q) =12-\frac{2}{3} q where p is the price in dollars and q is the quantity of pencil sharpeners (in hundreds) . Graph these functions on the same axes (graph the supply function as a dashed line and the demand function as A solid line) . Also, find the equilibrium quantity and the equilibrium price. A) B) C) D)$

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Assimilation

The process by which a person or a group's language and/or culture come to resemble those of another group.

Assimilation

The method through which people or groups from various ethnic backgrounds become assimilated into a society's prevailing culture.

Piaget's Concept

A theory developed by Jean Piaget that describes the cognitive development of children in four stages from birth to adolescence.

Characteristics

Distinctive traits or features that identify and differentiate individuals, objects, or concepts.

Let the Supply and Demand Functions for a Certain Model p=S(q)=23q p=S(q)=\frac{2}{3} q \quad p=S(q)=32​q

Definitions:

Let the Supply and Demand Functions for a Certain Model $p=S(q)=\frac{2}{3} q \quad$