K The supply and demand for a product are related to price by the following equations, where y is the price, in dollars, and x is the number of units, in thousands Find the equilibrium point for this product y S(x) 400+60x y D(x)-6400-60x CHITO The equilibrium point is (Type an ordered pair. Do not use commas in the individual coordinates. Do not include the $ symbol in your answer.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter3: Linear And Nonlinear Functions
Section3.1: Graphing Linear Functions
Problem 58PPS
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K
The supply and demand for a product are related to price by the following equations, where y is the price, in dollars, and x is the number of units, in thousands
Find the equilibrium point for this product
y S(x) 400+60x
y D(x)=6400-60x
CITE
The equilibrium point is
(Type an ordered pair. Do not use commas in the individual coordinates. Do not include the $ symbol in your answer.)
Transcribed Image Text:K The supply and demand for a product are related to price by the following equations, where y is the price, in dollars, and x is the number of units, in thousands Find the equilibrium point for this product y S(x) 400+60x y D(x)=6400-60x CITE The equilibrium point is (Type an ordered pair. Do not use commas in the individual coordinates. Do not include the $ symbol in your answer.)
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