suppose that the demand and price for a certain model of a youth wristwatch are related by the following…

suppose that the demand and price for a certain model of a youth wristwatch are related by the following equation, where p = d(q)=32 - 1.25q. find the price at each level of demand. answer parts a through d. a. find the price when the demand is 0 watches. the price when the demand is 0 watches is $32. b. find the price when the demand is 800 watches. the price when the demand is 800 watches is $22. c. find the quantity demanded for the watch when the price is $27. at a price of $27, the demand is for watches.

suppose that the demand and price for a certain model of a youth wristwatch are related by the following equation, where p = d(q)=32 - 1.25q. find the price at each level of demand. answer parts a through d. a. find the price when the demand is 0 watches. the price when the demand is 0 watches is $32. b. find the price when the demand is 800 watches. the price when the demand is 800 watches is $22. c. find the quantity demanded for the watch when the price is $27. at a price of $27, the demand is for watches.

Answer

Explanation:

Step1: Substitute price into demand - price equation

Given $p = D(q)=32 - 1.25q$, and $p = 27$. So we set up the equation $27=32 - 1.25q$.

Step2: Solve for $q$

First, subtract 32 from both sides: $27 - 32=-1.25q$. This gives $- 5=-1.25q$. Then divide both sides by - 1.25: $q=\frac{-5}{-1.25}=4$.

Answer:

4