The Catalog Store has data indicating that, when the price of a CD bookcase is $135, the demand quantity is 80 and the supply quantity is 104. The equilibrium point occurs when the price is $101 and the quantity is 96. 1) Find the linear demand equation p (let x be the demand quantity) 2) Find the linear supply equation p (let x be the supply quantity
The Catalog Store has data indicating that, when the price of a CD bookcase is $135, the demand quantity is 80 and the supply quantity is 104. The equilibrium point occurs when the price is $101 and the quantity is 96. 1) Find the linear demand equation p (let x be the demand quantity) 2) Find the linear supply equation p (let x be the supply quantity
Chapter6: Systems Of Equations And Inequalities
Section6.2: Two-variable Linear Systems
Problem 9ECP
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The Catalog Store has data indicating that, when the price of a CD bookcase is $135, the demand quantity is 80 and the supply quantity is 104. The equilibrium point occurs when the price is $101 and the quantity is 96.
1) Find the linear demand equation p (let x be the demand quantity)
2) Find the linear supply equation p (let x be the supply quantity)
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