document.write( "Question 994184: A group of retailers will buy 104 televisions from a wholesaler if the price is $500 and 144 if the price is $450. The wholesaler is willing to supply 68 if the price is $450 and 148 if the price is
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document.write( "$540. Assuming the resulting supply and demand functions are linear, find the equilibrium point for the market.
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Algebra.Com's Answer #613380 by solver91311(24713)![]() ![]() You can put this solution on YOUR website! \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Use the two-point form of the equation of a line to write the supply and demand functions.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "where \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Then solve the 2X2 stem for the point of intersection of the two lines.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "John \n" ); document.write( " \n" ); document.write( "My calculator said it, I believe it, that settles it\r \n" ); document.write( "\n" ); document.write( " |