document.write( "Question 205511: Help Help Help PLEASE!!!\r
\n" ); document.write( "\n" ); document.write( "The Sunshine Bakery sells pies at a fixed price of,p, per pie. The total number of pies demanded daily, D is related to the price, p, by the equation: \r
\n" ); document.write( "\n" ); document.write( "D=-10p+200\r
\n" ); document.write( "\n" ); document.write( "On the other hand, the daily supply of pies, S, is related to the price p per pie by the equation: \r
\n" ); document.write( "\n" ); document.write( "S=15p-50\r
\n" ); document.write( "\n" ); document.write( "Determine the equilibrium price of pies, i.e., the price at which the Supply S and Demand D are equal. \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "I set the problem up as \r
\n" ); document.write( "\n" ); document.write( "-10p+200=15p-50
\n" ); document.write( "-25p=-250
\n" ); document.write( "p=10\r
\n" ); document.write( "\n" ); document.write( "I don't know where I should go from here. Will you please help. \n" ); document.write( "

Algebra.Com's Answer #155143 by stanbon(75887) $\"\"$ $\"About$

You can put this solution on YOUR website!
You are finished. You found that when the
\n" ); document.write( "price is $10 supply equals demand.
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\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H. \n" ); document.write( "

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