Answer to Question #28508 in Microeconomics for maggy

Question

determine the quantity of computers bought an sold at equilibrium. if the demand and supply curve for computers are;
D=100q-6P, S=28q+3P, where P is the price of computers, and q is the quantity.
a)In December, the price of Christmas trees rises and the quantity of trees sold rises. is this a violation of the law of demand?
b)Find the slope of an assumed linear demand curve for the theatre tickets, when persons purchase 1000 at $5.00 per ticket and 200 at $15.00 per ticket.