A large department store is prepared to buy 3,800 of your tie-dye shower curtains per month for $6 each, but only 3,550 shower curtains per month for $11 each. What is the linear demand function for your tie-dye shower curtains?q(p) =

If the revenue function for a particular commodity is R(p) = −51p2 + 65p, what is the (linear) demand function q(p)?q(p) = Give a reason for your answer.R = p + qR = qp    R = q − pR = pqR = pq

Due to Covid, the unemployment rate increases sharply. Many households are not able to afford to pay rent for their housing. The government decides to implement price controls so that households continue to afford their rent. The demand function in the perfectly competitive house-renting market is given by: P = 2000 – 2Q. The supply function is given by: P = 1500 + 3Q. Which of the following price ceilings will be binding? Group of answer choices P = 1500 P = 1850 P = 1900 P= 1800 None of the other answers is correct.

A vendor charges $34$⁢34 for a jersey. What is the demand function?

If P1 = $5, Q1 = 10,000, P2 = $6 and Q2 = 5,000, then a linear estimate of the demand curve is:a.Q = 35,000 - 5,000Pb.P = $5 + $10,000Qc.Q = 7 - 0.002Pd.P = $7 - $0.002Q

Suppose a monopolist faces a per period demand curve having the form: P = 11 – 0.005Q. Her total cost function is given by: TC = 0.5Q. This monopolist is able to practice second degree price discrimination, by selling off batches of her product along the demand curve. She chooses two prices: $9 per unit and $5 per unit. What is the consumer surplus in each period? Group of answer choicesConsumer Surplus = $4,000.Consumer Surplus = $2,400.Consumer Surplus = $1,600.Consumer Surplus = $2,800.Consumer Surplus = $2,000.