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For the pair of supply-and-demand equations, where x represents the quantity demanded in units of 1000 and p is the unit price in dollars, find the equilibrium quantity and the equilibrium price.  2x + 3p − 12 = 0 and 3x − 11p + 13 = 0

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For the pair of supply-and-demand equations, where x represents the quantity demanded in units of 1000 and p is the unit price in dollars, find the equilibrium quantity and the equilibrium price.2x + 3p − 12 = 0 and 3x − 11p + 13 = 0

According to the given information:X represents the quantity demanded in units of 1000 and p is the unit price in dollars.The demand and supply equation are as follows:2x+3p-12=03x-11p+13=0It is required to calculate the equilibrium quantity and equilibrium price,So,

Now, put both the equation equal and solve to the value of &lsquo;p&rsquo;:

Now, put the value of x in the above e...

Advanced Math

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For the pair of supply-and-demand equations, where x represents the quantity demanded in units of 1000 and p is the unit price in dollars, find the equilibrium quantity and the equilibrium price.
<div>
<div>2x + 3p − 12 = 0 and 3x − 11p + 13 = 0</div>
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For the pair of supply-and-demand equations, where x represents the quantity demanded in units of 1000 and p is the unit price in dollars, find the equilibrium quantity and the equilibrium price. 2x + 3p − 12 = 0 and 3x − 11p + 13 = 0

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