Suppose the quantity demanded, q, of a product when the price is p dollars is given by the equation 9. 1 p= 210 and the quantity supplied is given by the equation p = 79. Find the equilibrium 49. price and quantity. Equilibrium quantity: items Equilibrium price: $

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter6: Systems Of Equations And Inequalities
Section6.2: Two-variable Linear Systems
Problem 9ECP
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Suppose the quantity demanded, q, of a product when the price is p dollars is given by the equation
1
1
p= 210 –
71
and the quantity supplied is given by the equation p = ¬9. Find the equilibrium
4
price and quantity.
Equilibrium quantity:
items
Equilibrium price: $
Transcribed Image Text:Suppose the quantity demanded, q, of a product when the price is p dollars is given by the equation 1 1 p= 210 – 71 and the quantity supplied is given by the equation p = ¬9. Find the equilibrium 4 price and quantity. Equilibrium quantity: items Equilibrium price: $
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