2. The supply and demand equations for a certain product are: (1) and (2) respectively, where p represents the price per unit in dollars and q, the number of units sold per period. (1) 3q - 200p + 1800 = 0 (2) 3q + 100p - 1800 = 0 Find the equilibrium price algebraically. Find and interpret the equilibrium price when a tax of 37 cents per unit is imposed on the supplier
2. The supply and demand equations for a certain product are: (1) and (2) respectively, where p represents the price per unit in dollars and q, the number of units sold per period. (1) 3q - 200p + 1800 = 0 (2) 3q + 100p - 1800 = 0 Find the equilibrium price algebraically. Find and interpret the equilibrium price when a tax of 37 cents per unit is imposed on the supplier
Chapter6: Systems Of Equations And Inequalities
Section6.2: Two-variable Linear Systems
Problem 9ECP
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2. The supply and demand equations for a certain product are: (1) and (2) respectively, where p represents the price per unit in dollars and q, the number of units sold per period.
(1) 3q - 200p + 1800 = 0
(2) 3q + 100p - 1800 = 0
Find the equilibrium price algebraically. Find and interpret the equilibrium price when a tax of 37 cents per unit is imposed on the supplier.
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