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#### Fuzzyllama

##### New member

- Sep 20, 2012

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I need some help finishing a few problems on my assignment. Any help is appreciated

3. The followin equations represent demand curves for a commodity; q. A. q=100-p B. q=10+p C. q=50. What is choke price, slope and price elasticities of demand in the neighborhood of q=100 and q=50.

4. Assume market demand is created by P=120-6Q and P=60-30Q. Supply is created by 10 firms with cost curves of TC=q^2. What is market demand and supply? What is equilibrium price and quantity? How big is CS and PS?

Thanks in advance for any help!

3. The followin equations represent demand curves for a commodity; q. A. q=100-p B. q=10+p C. q=50. What is choke price, slope and price elasticities of demand in the neighborhood of q=100 and q=50.

4. Assume market demand is created by P=120-6Q and P=60-30Q. Supply is created by 10 firms with cost curves of TC=q^2. What is market demand and supply? What is equilibrium price and quantity? How big is CS and PS?

Thanks in advance for any help!

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