document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=458942>Question 458942</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help me to find the value of p. When the price of a product is p dollars each, suppose that a manufacturer will supply (2p-8) unit of the product to the market and that consumers will demand to buy (300-2p) units. At the value of p for which supply equals demand, the market is said to be in the equilibrium. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #314824 by </B><A HREF=/tutors/aboutme.mpl?userid=htmentor><B>htmentor(1343)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=htmentor><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=htmentor><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=314824\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Setting supply equal to demand, we can write:<BR>\n" );
document.write( "2p - 8 = 300 - 2p<BR>\n" );
document.write( "Solve for p:<BR>\n" );
document.write( "4p = 308<BR>\n" );
document.write( "p = 77<BR>\n" );
document.write( "So the equilibrium price is $77. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );