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The supply and demand for a product are related to price by the following equations, where y is the price, in dollars, and x is the number of units, in thousands. Find the equilibrium point for this product. y=300 + 50x y= 5300 - 50x The equilibrium point is (Type an ordered pair, but do not use commas in any individual coordinates. Do not include the $ symbol in your answer.)

The supply and demand for a product are related to price by the following equations, where y is the price, in dollars, and x is the number of units, in thousands. Find the equilibrium point for this product. y=300 + 50x y= 5300 - 50x The equilibrium point is (Type an ordered pair, but do not use commas in any individual coordinates. Do not include the $ symbol in your answer.)

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.CR: Chapter Review
Problem 70E: A company manufactures two fertilizers, x and y. Each 50-pound bag of fertilizer requires three...
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The supply and demand for a product are related to price by the following equations, where y is the price, in dollars, and x is the number of units, in thousands. Find the equilibrium point for this product. y= 300 + 50x y = 5300 - 50x The equilibrium point is (Type an ordered pair, but do not use commas in any individual coordinates. Do not include the $ symbol in your answer.)
Transcribed Image Text:The supply and demand for a product are related to price by the following equations, where y is the price, in dollars, and x is the number of units, in thousands. Find the equilibrium point for this product. y= 300 + 50x y = 5300 - 50x The equilibrium point is (Type an ordered pair, but do not use commas in any individual coordinates. Do not include the $ symbol in your answer.)
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