Question 11 A group of retailers will buy 100 televisions from a wholesaler if the price is $340 and 120 if the price is $280. The wholesaler is willing to supply 50 if the price is $90 and 130 if the price is $170. Assuming the resulting supply and demand functions are linear, find the equilibrium point for the market.
Question 11 A group of retailers will buy 100 televisions from a wholesaler if the price is $340 and 120 if the price is $280. The wholesaler is willing to supply 50 if the price is $90 and 130 if the price is $170. Assuming the resulting supply and demand functions are linear, find the equilibrium point for the market.
Chapter6: Systems Of Equations And Inequalities
Section6.2: Two-variable Linear Systems
Problem 9ECP
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