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Homework answers / question archive / The demand function for roses is Q = 100-P and the supply function is Q = P+T , where T is the average monthly temperature

The demand function for roses is Q = 100-P and the supply function is Q = P+T , where T is the average monthly temperature

Economics

The demand function for roses is Q = 100-P and the supply function is Q = P+T , where T is the average monthly temperature.

Show how the equilibrium price and quantity vary with temperature. Provide an algebraic expression and illustrate i with a graph. Interpret your results in words.

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