SOLUTION: the demand and supply equations for a certain item are given by D= -5p+40 s= -p+30p-8 Find the equilibrium price.

Algebra.Com
Question 105138: the demand and supply equations for a certain item are given by
D= -5p+40
s= -p+30p-8
Find the equilibrium price.

Answer by elima(1433)   (Show Source): You can put this solution on YOUR website!
the demand and supply equations for a certain item are given by
D= -5p+40
s= -p+30p-8
Find the equilibrium price.
when they equal each other they are in equalibrium
-5p+40=-p+30p-8
40+8=-p+30p+5p
48=34p
$1.41
:)

RELATED QUESTIONS

The demand and supply equations for a certain item are given by D=-5p+40 S=-p^2+30p-8 (answered by stanbon)
The demand and supply equations for a certain item are given by D = -5p + 40 S =... (answered by Nate)
The demand and supply equations for a certain item are given by: D=-5p+40 S=-p^2+30p-8 (answered by Nate)
Please help! The demand and supply equations for a certain item are given by: D= -5p... (answered by stanbon,scott8148)
The demand and supply equations for a certain item are given by D=-5p+40 S=-p^2+30p-8... (answered by rapaljer)
The demand and supply equations for a certain item are given by D=-5p+40 S=-p^2+30p-8 (answered by stanbon)
The demand and supply equations for a certain item are given by D = –5p + 40 S =... (answered by stanbon)
The demand and supply equations for a certain item are given by D = –5p + 40 S... (answered by elima)
The demand and supply equations for a certain item are given by D = –5p + 40 S... (answered by ankor@dixie-net.com)