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Brentin's Belts has paid a consultant to study the global supply and demand for leather. The consultant has found that the supply and demand is as follows:
Supply: p=8.2+1350,0≤≤500
Demand: p=-0.04²-9+18,000,0≤≤500
where price is in dollars per ton and quantity is tons of leather. You are to use the graphing capability of your graphing calculator to find the equilibrium point.
In the box below, draw a "screen picture" of what you see after finding the answer. This is not a full graph that requires units, scale, etc. But DO indicate the viewing window. Then describe how you used the picture to determine the answer. Give a word answer with correct units.
Note that in this problem, price is given as a function of quantity, which is the standard in economics but not the way our textbook does it. Graph the functions as they are given with quantity as the input and price as the output)

Sagot :

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