Find the equilibrium point (q. p) for a product whose supply and demand equations are 35q-2p +250 = 0 and 65q+p-537.5=0 respectively, where p is the price per unit and q is the quantity. Select one: O (5,212.5) O (2,160) O No Solution O (250,537.5) Option A Option C Option B Option D

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter6: Systems Of Equations And Inequalities
Section6.2: Two-variable Linear Systems
Problem 9ECP
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Find the equilibrium point (q. p) for a product whose supply and demand equations are 35q-2p+250 = 0 and
65q+p-537.5=0 respectively, where p is the price per unit and q is the quantity.
Select one:
O (5,212.5)
O (2,160)
O No Solution
O (250,537.5)
Option A
Option C
Option B
Option D
Transcribed Image Text:Find the equilibrium point (q. p) for a product whose supply and demand equations are 35q-2p+250 = 0 and 65q+p-537.5=0 respectively, where p is the price per unit and q is the quantity. Select one: O (5,212.5) O (2,160) O No Solution O (250,537.5) Option A Option C Option B Option D
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