The demand equation for the Drake GPS Navigator is x + 4p − 1064 = 0, where x is the quantity demanded per week and p is the wholesale unit price in dollars. The supply equation x − 20p + 1000 = 0, where x is the quantity the supplier will make available in the market each week when the wholesale price is p dollars each. Find the equilibrium quantity and the equilibrium price for the GPS Navigators. equilibrium quantity       units equilibrium price     $

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Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.