Suppose a company is willing to sale some product at certain price. if the supplied quantity S is modeled by the equation S(p)=70p-800 and the quantity of  demand is modeled by the equation D(p)=-50p+2500 what will be the equillibrium price and equillibrium quantity ?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter7: Systems Of Equations And Inequalities
Section7.1: Systems Of Linear Equations: Two Variables
Problem 2SE: If you are performing a break-even analysis for a business and their cost and revenue equations are...
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Suppose a company is willing to sale some product at certain price. if the supplied quantity S is modeled by the equation S(p)=70p-800 and the quantity of  demand is modeled by the equation D(p)=-50p+2500

what will be the equillibrium price and equillibrium quantity ?

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