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 = 100 +60x y = 6100 - 60x The equilibrium point is (Tyno on

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.8: Other Types Of Inequalities
Problem 6ECP
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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=100+60x Y=6100-60x
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 = 100 +60x
y = 6100 - 60x
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 = 100 +60x y = 6100 - 60x 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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