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
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
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
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