Supply and Demand A certain product has supplyand demand functions given by p = 5q + 20 andp = 128 - 4q, respectively.a. If the price p is $60, how many units q are supplied and how many are demanded?b. What price gives market equilibrium, and howmany units are demanded and supplied at thisprice?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter9: Systems Of Equations And Inequalities
Section9.4: Linear Programming
Problem 19E
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Supply and Demand A certain product has supply
and demand functions given by p = 5q + 20 and
p = 128 - 4q, respectively.
a. If the price p is $60, how many units q are supplied and how many are demanded?
b. What price gives market equilibrium, and how
many units are demanded and supplied at this
price?

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