### Calculate the equilibrium price

##### Reference no: EM131524029

A local market for clay bricks has weekly demand described by P=1.55-0.008Q and supply described by P=0.32+0.0012Q. Calculate the equilibrium price.

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 Calculate the profit-maximizing quantity : The market demand is given by P=260-0.002*Q. The monopolist's costs are described by TC=8,000,000+2Q. Calculate the profit-maximizing quantity. Calculate the absolute value of the price : In response to a price increase from \$4.75 to \$4.99, sales quantity decreases 125 to 113. Calculate the absolute value of the price elasticity of demand. Explain the equivalent lottery method : Assess your probability that the following outcomes will occur. Use the equivalent lottery method as discussed in the chapter. Calculate the absolute value of the price : In response to a price decrease from \$27 to \$22, sales quantity increases 13,200 to 14,800. Calculate the absolute value of the price elasticity of demand. Calculate the equilibrium price : A local market for clay bricks has weekly demand described by P=1.55-0.008Q and supply described by P=0.32+0.0012Q. Calculate the equilibrium price. Calculate the equilibrium quantity : A local market for clay bricks has weekly demand described by P=1.55-0.008Q and supply described by P=0.32+0.0012Q. Calculate the equilibrium quantity What are the advantages and limitations of nuclear medicine : What ailments are typically diagnosed and treated via nuclear medicine procedures? What are the advantages and limitations of nuclear medicine? What is different about assessing probabilities : Can you assess the probability of these outcomes occurring? What is different about assessing probabilities regarding your own performance as compared. Moral subjectivism or moral objectivism : Do you adhere to moral subjectivism or moral objectivism, and why?

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