Math 1090
Quiz 34
23 April, 2012
Name:
Instructions: Answer the questions below. Make sure to show all work
clearly.
This quiz has two sides
1. A clothing company is willing to manufacture 50 shirts and sell them for $46 each. They
are willing to supply 10 shirts at a price of $22.
Customers will buy 32 shirts if they are priced at $4, but only 4 shirts if they are priced
at $26.
(a) (3 points) Find the supply equation.
(b) (3 points) Find the demand equation.
(c) (4 points) Find the equilibrium point.