Annual sales of new cars and light trucks in a certain country from 2015 - 2019 can be approximated by the following when the price (in constant 2021 dollars) was so thousand. q = -0.15p + 83 million vehicles sold
(a) If car dealers were prepared to supply q = 3.85p - 161 million vehicles at a sale price of Sp, what would have been the equilibeium price (in dolars)?

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05-06-2024
Business

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Annual sales of new cars and light trucks in a certain country from 2015 - 2019 can be approximated by the following when the price (in constant 2021 dollars) was so thousand. q = -0.15p + 83 million vehicles sold
(a) If car dealers were prepared to supply q = 3.85p - 161 million vehicles at a sale price of Sp, what would have been the equilibeium price (in dolars)?

Sagot :

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