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Mathematics 1
Mathematics 1 Deneme Sınavı
Mathematics 1 Deneme Sınavı Sorusu #1208522
Mathematics 1 Deneme Sınavı Sorusu #1208522
A company produces a certain item whose demand function is p=-5x+500, and supply functionis p=2x-200. For what values of x is there a market shortage?
|
x>25 |
|
x>120 |
|
x<120 |
|
x>100 |
|
x<100 |
Yanıt Açıklaması:
We first find the equilibrium point by equating the supply and demand functions. Therefore, the equality
-5x+500=2x-200
gives
7x=700, x=100
Since there will be a shortage in the market, to the left o this point the correct answer x<100. The answer is E.
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