Find the market equilibrium point for the following equations: Supply: .10x + 5 Demand: -.15x + 10

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 market equilibrium point for the following equations:

Supply: .10x + 5

Demand: -.15x + 10

  1. Approximately (5.2, 10)
  2. Approximately (20, 7)
  3. Approximately (7, 20)
  4. Approximately (10, 5.2)
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