Q.5 (a) Retailers will buy 45 cordless phones from a wholesaler if the price is $10 each but only 20 if the price is $60. The wholesaler will supply 35 phones at $30 ea ch and 70 at $50 ea ch. Assuming the supply and demand functions are linear, find the market equilibrium point.
Q.5 (a) Retailers will buy 45 cordless phones from a wholesaler if the price is $10 each but only 20 if the price is $60. The wholesaler will supply 35 phones at $30 ea ch and 70 at $50 ea ch. Assuming the supply and demand functions are linear, find the market equilibrium point.
Chapter6: Systems Of Equations And Inequalities
Section6.2: Two-variable Linear Systems
Problem 9ECP
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