For a supply equation p= Vq+70 and demand equation p= 20 - q for a product, where p represents price per unit in dollars and q represents the number of units per unit of time, find the equilibrium point. The equilibrium point is (Type an ordered pair, using integers or fractions. Type an exact answer, using radicals as needed.)

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter6: Systems Of Equations And Inequalities
Section6.5: Systems Of Inequalities
Problem 8ECP: The demand and supply equations for a flat-screen television are...
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For a supply equation p= Vq+70 and demand equation p= 20 - q for a product, where p represents price per unit in dollars and q represents the number of units per unit of time, find the equilibrium point.
The equilibrium point is
(Type an ordered pair, using integers or fractions. Type an exact answer, using radicals as needed.)
Transcribed Image Text:For a supply equation p= Vq+70 and demand equation p= 20 - q for a product, where p represents price per unit in dollars and q represents the number of units per unit of time, find the equilibrium point. The equilibrium point is (Type an ordered pair, using integers or fractions. Type an exact answer, using radicals as needed.)
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