HOMEWORK SYSTEM IS IN BETA AND ANSWERS PROVIDED BY SYSTEM IS

HOMEWORK SYSTEM IS IN BETA AND ANSWERS PROVIDED BY SYSTEM IS NOT ALWAYS CORRECT. USE PROVIDED ANSWER AS A GUIDE BUT DO NOT TAKE IT SERIOUSLY.

Solution

Pb = 290 - 2.25Qb, Therefore Qb = (290 - Pb) / 2.25

Pv = 4.5 + 8.1Qv, Therefore Qv = (Pv - 4.5) / 8.1

When P = 33,

Qb = (290 - 33) / 2.25 = 257 / 2.25 = 114.22

Quantity demanded = 114.22