For the pair of supply and demand equations where x represents the quantity demanded in units of 1000 and put is the unit of price in dollars find the equilibrium quantity and the equilibrium price 2x+9p-93=0 and 3x-12p+108=0
Consider the supply and the demand function as follows,
2x + 9p = 93 (1).
3x –12p = –108 (2).
Multiply the first equation with 3, multiply the second equation with 2 and subtract the equation (2) from (1).
Solve the expression 51p = 49...
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