At a price of $27.75, producers will provide 8 items, while at a price of $33.25, they will provide 30 items. Consumers will purchase 85 of these items if the price is $91.5, but will purchase 133 items if the price decrea to $81.25. Find the market equilibrium point. (Enter your answers as a comma-separated list.) (x, y) = 71, 181 X

At a price of $27.75, producers will provide 8 items, while at a price of $33.25, they will provide 30 items. Consumers will purchase 85 of these items if the price is $91.5, but will purchase 133 items if the price decrea to $81.25. Find the market equilibrium point. (Enter your answers as a comma-separated list.) (x, y) = 71, 181 X

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter3: Supply And Demand: Theory

Section: Chapter Questions

Problem 15QP

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