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.
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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