SOLUTION: The supply equation is y=28x + 2025 and the demand equation is y= -17x=6120. The equilibrium for demand is.
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Question 92472This question is from textbook Finite Mathematics
: The supply equation is y=28x + 2025 and the demand equation is y= -17x=6120. The equilibrium for demand is.
This question is from textbook Finite Mathematics
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
The supply equation is y=28x + 2025 and the demand equation is y= -17x+6120. The equilibrium for demand is.
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Equilibrium occurs when demand = supply
EQUATION:
-17x + 6120 = 28x + 2025
45x = 6120-2025
x = 91
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Cheers,
Stan H.
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