At a price of $70 there is demand for 756 items and a supply of 350 items. At a price of $130 there is demand for 216 items and a supply of 650 items. Assuming supply and demand are linear, find the equilibrium price and quantity.
At a price of $70 there is demand for 756 items and a supply of 350 items. At a price of $130 there is demand for 216 items and a supply of 650 items. Assuming supply and demand are linear, find the equilibrium price and quantity.
Chapter6: Systems Of Equations And Inequalities
Section6.2: Two-variable Linear Systems
Problem 9ECP
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