fter extensive surveys, the research department of a company has determined that the supply and demand equations for a particular product are s (p) = 500p - 19500 and d (p) = 20000 / p, where p is the price in dollars. Find the equilibrium point.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter4: Linear Functions
Section: Chapter Questions
Problem 29RE: For the following exercise, consider this scenario: In 2004, a school population was 1,700. By 2012...
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fter extensive surveys, the research department of a company has determined that the supply and demand equations for a particular product are s (p) = 500p - 19500 and d (p) = 20000 / p, where p is the price in dollars. Find the equilibrium point.

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