Ask Question
11 October, 04:14

If the equilibrium quantity demanded for a new sports watch is 900 truckloads of watches and the equilibrium price is $70 per watch then a drop in the price of watches to $40

+4
Answers (1)
  1. 11 October, 04:27
    0
    This item is asking us to determine the number of truckloads of watches that needs to be manufactured in order to reach equilibrium. If we let x be the number of watches then, the equation that would best describe the given is,

    (900) (70) = (x) (40)

    The value of x from the equation is 1575. Thus, the company needs to manufacture 1575 watches.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If the equilibrium quantity demanded for a new sports watch is 900 truckloads of watches and the equilibrium price is $70 per watch then a ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers