The quantity demanded x each month of Russo Espresso Makers is 250 when the unit price p is $132. The quantity demanded each month is 1000 when the unit price is $102. The suppliers will market 700 espresso makers when the unit price is $60. At a unit price of $90, they are willing to market 2200 units. Both the supply and demand equations are known to be linear. While the demand equation is p= (x/25)+142 Find the supply equation Find the equilibrium quantity and the equilibrium price
The quantity demanded x each month of Russo Espresso Makers is 250 when the unit price p is $132. The quantity demanded each month is 1000 when the unit price is $102. The suppliers will market 700 espresso makers when the unit price is $60. At a unit price of $90, they are willing to market 2200 units. Both the supply and demand equations are known to be linear. While the demand equation is p= (x/25)+142 Find the supply equation Find the equilibrium quantity and the equilibrium price
Chapter6: Systems Of Equations And Inequalities
Section6.2: Two-variable Linear Systems
Problem 9ECP
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The quantity demanded x each month of Russo Espresso Makers is 250 when the unit price p is $132. The quantity demanded each month is 1000 when the unit price is $102. The suppliers will market 700 espresso makers when the unit price is $60. At a unit price of $90, they are willing to market 2200 units. Both the supply and demand equations are known to be linear. While the demand equation is p= (x/25)+142
Find the supply equation
Find the equilibrium quantity and the equilibrium price
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