The supply and demand equations for a given commodity are: p - 2x = 154 = 1000 4p + 5x2 vhere x is number of units and p is price in dollars. Find the price at the point of market equilibrium. D A. $170 O B. $180 O C. $200 D. $160 E. $190

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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The supply and demand equations for a given commodity are:
p - 2x = 154
4p + 5x = 1000
where x is number of units and p is price in dollars. Find the price at the point of market equilibrium.
O A. $170
O B. $180
O C. $200
O D. $160
D E. $190
Transcribed Image Text:The supply and demand equations for a given commodity are: p - 2x = 154 4p + 5x = 1000 where x is number of units and p is price in dollars. Find the price at the point of market equilibrium. O A. $170 O B. $180 O C. $200 O D. $160 D E. $190
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