document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=973832>Question 973832</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The demand equation for the Drake GPS Navigator is <BR>\n" );
document.write( "x + 4p &#8722; 1100 = 0,<BR>\n" );
document.write( " where x is the quantity demanded per week and p is the wholesale unit price in dollars. The supply equation <BR>\n" );
document.write( "x &#8722; 21p + 1000 = 0,<BR>\n" );
document.write( " where x is the quantity the supplier will make available in the market each week when the wholesale price is p dollars each. Find the equilibrium quantity and the equilibrium price for the GPS Navigators.\r<BR>\n" );
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document.write( "equilibrium quantity=    units\r<BR>\n" );
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document.write( "equilibrium price  $= </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #596051 by </B><A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><B>ankor@dixie-net.com(22740)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><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=ankor@dixie-net.com><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=596051\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The demand equation for the Drake GPS Navigator is: x + 4p - 1100 = 0,<BR>\n" );
document.write( "where x is the quantity demanded per week and p is the wholesale unit price in dollars.<BR>\n" );
document.write( ":<BR>\n" );
document.write( " The supply equation<BR>\n" );
document.write( "x - 21p + 1000 = 0, <BR>\n" );
document.write( "where x is the quantity the supplier will make available in the market each week when the wholesale price is p dollars each.<BR>\n" );
document.write( ":<BR>\n" );
document.write( " Find the equilibrium quantity and the equilibrium price for the GPS Navigators.<BR>\n" );
document.write( "equilibrium quantity= units<BR>\n" );
document.write( "equilibrium price $=<BR>\n" );
document.write( ":<BR>\n" );
document.write( "Equilibrium occurs when demand = supply, therefore<BR>\n" );
document.write( "x + 4p - 1100 = x - 21p + 1000<BR>\n" );
document.write( "Subtract x from both sides<BR>\n" );
document.write( "4p - 1100 =  -21p + 1000<BR>\n" );
document.write( "4p + 21p = 1000 + 1100<BR>\n" );
document.write( "25p = 2100<BR>\n" );
document.write( "p = 2100/25<BR>\n" );
document.write( "p = $84 equilibrium prices<BR>\n" );
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document.write( "Find x using the demand equation<BR>\n" );
document.write( "x + 4(84) - 1100 = 0<BR>\n" );
document.write( "x + 336 - 1100 =<BR>\n" );
document.write( "x - 764 = 0<BR>\n" );
document.write( "x = 764 units equilibrium qty<BR>\n" );
document.write( ":<BR>\n" );
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document.write( "Check solutions in the supply equation; x -21p + 1000 = 0<BR>\n" );
document.write( "764 - 21(84) + 1000 = 0<BR>\n" );
document.write( "764 - 1764 + 1000 = 0<BR>\n" );
document.write( "-<BR>\n" );
document.write( " </SPAN>\n" );
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