Given that x units are supplied when the price is p=20,1x  rands, and that x units are demanded when the price is 50(x+1)-1 rands. Using Newton's method,  Blank 1. Fill in the blank, read surrounding text. units (rounded to two decimal places) are demanded and supplied when the equilibrium price, rounded to the nearest cent, is equal to R  Blank 2. Fill in the blank, read surrounding text. .

Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
Chapter6: Topics In Analytic Geometry
Section: Chapter Questions
Problem 33CT
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Given that x units are supplied when the price is

p=20,1x  rands,

and that x units are demanded when the price is

50(x+1)-1 rands.

Using Newton's method,  Blank 1. Fill in the blank, read surrounding text. units (rounded to two decimal places) are demanded and supplied when the equilibrium price, rounded to the nearest cent, is equal to R  Blank 2. Fill in the blank, read surrounding text. .

 

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