The demand equation for the Drake GPS Navigator is x + 4p − 480 = 0, where x is the quantity demanded per week and p is the wholesale unit price in dollars. The supply equation x − 16p + 1000 = 0, where x is the quantity the supplier will make available in the market each week when the wholesale price is p dollars each. Find the equilibrium quantity and the equilibrium price for the GPS Navigators. equilibrium quantity units equilibrium price $
The demand equation for the Drake GPS Navigator is x + 4p − 480 = 0, where x is the quantity demanded per week and p is the wholesale unit price in dollars. The supply equation x − 16p + 1000 = 0, where x is the quantity the supplier will make available in the market each week when the wholesale price is p dollars each. Find the equilibrium quantity and the equilibrium price for the GPS Navigators. equilibrium quantity units equilibrium price $
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter9: Systems Of Linear Equations
Section9.6: Wind And Water Current Problems
Problem 2P
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The demand equation for the Drake GPS Navigator is
x + 4p − 480 = 0,
where x is the quantity demanded per week and p is the wholesale unit price in dollars. The supply equation
x − 16p + 1000 = 0,
where x is the quantity the supplier will make available in the market each week when the wholesale price is p dollars each. Find the equilibrium quantity and the equilibrium price for the GPS Navigators.
equilibrium quantity | units | |
equilibrium price | $ |
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