Exercise 6.
Given the data
Quantity | 100 | 120 | 140 | 160 | 180 | 155 |
Supply price | 32 | 35.5 | 39 | 42.6 | 47 | |
Demand price | 47.2 | 42.5 | 38.3 | 34.5 | 31 |
and the assumption that supply price and demand price are both exponential.
Quantity | 100 | 120 | 140 | 160 | 180 | 155 |
Supply price | 32 | 35.5 | 39 | 42.6 | 47 | |
Demand price | 47.2 | 42.5 | 38.3 | 34.5 | 31 |