A If vendors supply 3000 watches when the price was 1500 eac

A. If vendors supply 3000 watches when the price was $1500 each and 3250 watches when the price was $2000 each, derive the supply curve, for watches.

b. If consumers demand 2000 watches when the price was $50 each and 1500 watches when the price was $100 each, derive the demand curve, for watches.

c. Hence, determine the price(s) for which there is equilibrium.

A. points are(1500,3000),(2000,3250)

Slope= (3250-3000)/(2000-1500)=1/2

using point slope form

S-3000=.5(C-1500)

S=.5C +2250