Let the supply and demand equations be given by p= -r – 2x + 100, p= 8x + 25, respectively, where x represents the quantity demanded and p the unit price in dollars. Find the equilibrium price Po. a) $41. b) $57. c) $65. d) $72. e) None of these.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter3: Functions And Graphs
Section3.3: Lines
Problem 31E
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Let the supply and demand equations be given by
p = -x²
2x + 100, p= 8x + 25,
respectively, where X represents the quantity demanded and p the unit price in
dollars. Find the equilibrium price Po.
a) $41.
O b) $57.
c) $65.
d) $72.
e) None of these.
1/4
1/2
D.
Transcribed Image Text:Let the supply and demand equations be given by p = -x² 2x + 100, p= 8x + 25, respectively, where X represents the quantity demanded and p the unit price in dollars. Find the equilibrium price Po. a) $41. O b) $57. c) $65. d) $72. e) None of these. 1/4 1/2 D.
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