The demand and supply equations for an MP3 player are given by = d 128 – p = 71 + 8x Demand equation Supply equation 11x where p is the price (in dollars) and x represents the number of units (in hundreds of thousands). Find the equilibrium point for this market. (x, p) = ( 3, 128 6.

The demand and supply equations for an MP3 player are given by = d 128 – p = 71 + 8x Demand equation Supply equation 11x where p is the price (in dollars) and x represents the number of units (in hundreds of thousands). Find the equilibrium point for this market. (x, p) = ( 3, 128 6.

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter4: Systems Of Linear Equations

Section4.2: Solve Applications With Systems Of Equations

Problem 125E: Write a uniform motion problem similar to Example 4.15 that relates to where you live with your...

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Question

The demand and supply equations for an MP3 player are given by
= d
128 –
p = 71 + 8x
Demand equation
Supply equation
11x
where p is the price (in dollars) and x represents the number of units (in hundreds of thousands). Find the equilibrium point for this market.
(x, p) = ( 3, 128
6.

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