document.write( "Question 1008715: The number x of smartphones a manufacturer is willing to sell is given by
\n" ); document.write( "x = 19p − 1400,
\n" ); document.write( "where p is the price, in dollars, per smartphone. The number x of smartphones a wholesale distributor is willing to purchase is given by
\n" ); document.write( "x = −5p + 1000,
\n" ); document.write( "where p is the price per smartphone. Find the equilibrium price. \n" ); document.write( "

Algebra.Com's Answer #624300 by addingup(3677) $\"\"$ $\"About$

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19p − 1400 = −5p + 1000 Now let's find p, which is our equilibrium price:
\n" ); document.write( "Add 1400 on both sides:
\n" ); document.write( "19p = -5p + 2400 Now add 5p on both sides:
\n" ); document.write( "24p = 2400 Finally, divide both sides by 24
\n" ); document.write( "p = 100 is your equilibrium price.
\n" ); document.write( "J \n" ); document.write( "

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