Suppose that the supply and demand for sunglasses are  p=0.8q+6 p=-1.2q+14 Where P is the price in dollars and Q is the quantity in hundreds.   A. Find the supply and demand (to the nearest unit) if sunglasses are sold for $7each. Discuss the stability of the sunglasses market at this price.   B. Find the supply and demand (to the nearest unit) if sunglasses are sold for $11each. Discuss the stability of the sunglasses market at this price.   C. Find the equilibrium price and quantity.

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Q: 1. Suppose that the supply and demand for sunglasses are p= 0.8q +6 p=-1.24 +14 Where p is the price…

A: Supply:  p=0.8q+6 Demand: p=-1.2q+14 At equilibrium demand = supply  0.8q+6 = -1.2q+14 q = 4 units…

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Q: 1. Suppose that the supply and demand for sunglasses are p= 0.8q +6 p=-1.2q +14 Where p is the price…

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