SOLUTION: Find the equilibrium point for the given supply and demand equation. Here y represents price and x represents quantity
y= 2700-80x (demand)
y= 100x (supply)
Algebra.Com
Question 513382: Find the equilibrium point for the given supply and demand equation. Here y represents price and x represents quantity
y= 2700-80x (demand)
y= 100x (supply)
Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
Find the equilibrium point for the given supply and demand equation. Here y represents price and x represents quantity
y= 2700-80x (demand)
y= 100x (supply)
:
Supply = demand
100x = 2700 - 80x
100x + 80x = 2700
180x = 2700
x =
x = $15 is the price
RELATED QUESTIONS
In a certain city, the price – demand and price – supply equations for CDs are
p =... (answered by ewatrrr)
supply and demand equation where x represents the quantity demanded in units of 1000 and... (answered by greenestamps)
the supply & demand equation for a certain product are 3x-200p + 1800=0 and... (answered by Boreal)
Find the equilibrium quantity and equilibrium price for the commodity whose supply and... (answered by MathLover1)
Given the supply equation p=(q/1600)+9 and the demand equation p=−(q/2400)+17, find (answered by htmentor)
Find the equilibrium quantity and equilibrium price for the commodity whose supply and... (answered by MathLover1)
In the pair of supply and demand equations below, x represents the quantity demanded in... (answered by stanbon)
Supply and Demand. The supply and demand for the sale of stereos by Sound Ideas are given (answered by stanbon)
Supply and Demand. The supply and demand for the sale of stereos by Sound Ideas are given (answered by CharlesG2)