SOLUTION: Find the point of equilibrium for a system that has a demand equation of p= 49-0,000 3x and a supply equation of p= 33+ 0.00002x

Algebra.Com
Question 976186: Find the point of equilibrium for a system that has a demand equation of p= 49-0,000 3x and a supply equation of p= 33+ 0.00002x
Answer by Boreal(15235)   (Show Source): You can put this solution on YOUR website!
Set the two equal, and I am going to edit what I think the numbers are.

49-0.00003x=33+0.00002x
16=0.00005x
x=320000
Check
49-0.00003(320000)=39.4
33+0.00002(320000)=39.4
If the numbers are different, then I would repost them.

RELATED QUESTIONS

the supply & demand equation for a certain product are 3x-200p + 1800=0 and... (answered by Boreal)
supply and demand equation where x represents the quantity demanded in units of 1000 and... (answered by greenestamps)
Find the equilibrium point of the demand and supply equations. (The equilibrium point is... (answered by Boreal)
Let P = 0.09q + 50 be the supply equation for a manufacturer. The demand equation for his (answered by CPhill)
Find the equilibrium point for the pair of demand and supply functions. D(p) = 700 - 32p (answered by Fombitz)
Hi, I have the following question and I don't know what to do. It is the demand for... (answered by Hook)
Business and Finance. A demand equation (sometimes called a demand curve) shows how much (answered by stanbon)
The Unique Gifts catalog lists a "super loud and vibrating alarm clock." Their records... (answered by jekoishun,greenestamps)
Find the point of equilibrium of the demand and supply equations Demand p = 440 − (answered by tommyt3rd)