Problem

Question no. $10A:$
Market surveys of suppliers of a particular product have resulted in the conclusion that the supply function is
approximately quadratic in $torm$ Suppliers were asked what quantities they would be $willing$ to supply at
different market prices. $The$ results of the survey indicated that at market prices $ots25$ $s30$ and $S40$ the
quantities which suppliers would be willing to offer to the market were $112.5.250and$ $600$ (thousands) units,
respectively. Determine the equation of the quadratic supply function?
Question no. $10B:$
A consumer survey was conducted to determine the demand function for the same product $as1n$ the previous
example discussed for supply function. The researchers asked consumers if they would purchase the product at
various prices and from their responses constructed estimates of market $dcmanC$ at various market prices. After
sample data points were plotted, it was concluded that the demand relationship was estimated best by a
quadratic function. The researchers concluded that the quadratic representation was valid for prices $0c1N<en$ 5
and $S45$ Three data points chosen for fitting the curve were $c\left(5.2025\right)$ $\left(10.1600\right)$ $and\left(20.900\right)$ Determine the
equation of the quadratic $DcmanC$ function?

10th-13th grade

Algebra

Solution

Qanda teacher - Akshat

hello imran

can you please tell me the meaning of the questions so that i can solve them

Student

in first first part determine the equation of the quadratic supply function

and b determine the equation of quadratic demand function

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