The demand equation for the BWS Bluetooth wireless loudspeaker is p = −0.03x + 215 where x is the quantity demanded per month and p is the unit price in dollars. The corresponding supply equation is given by p = 0.015x + 35 where x is the quantity demanded per month and p is the unit price in dollars. Find the equilibrium quantity and the equilibrium price for the BWS Bluetooth wireless loudspeakers. equilibrium quantity units equilibrium price $

The demand equation for the BWS Bluetooth wireless loudspeaker is p = −0.03x + 215 where x is the quantity demanded per month and p is the unit price in dollars. The corresponding supply equation is given by p = 0.015x + 35 where x is the quantity demanded per month and p is the unit price in dollars. Find the equilibrium quantity and the equilibrium price for the BWS Bluetooth wireless loudspeakers. equilibrium quantity units 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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Question

The demand equation for the BWS Bluetooth wireless loudspeaker is

p = −0.03x + 215

where x is the quantity demanded per month and p is the unit price in dollars. The corresponding supply equation is given by

p = 0.015x + 35

where x is the quantity demanded per month and p is the unit price in dollars. Find the equilibrium quantity and the equilibrium price for the BWS Bluetooth wireless loudspeakers.