document.write( "Question 1106693: supply and demand equation where x represents the quantity demanded in units of 1000 and p is the unit price in dollars, find the equilibrium quantity and the equilibrium price. 2x+7p-56=0 and 3x-11p+45=0 \n" ); document.write( "
Algebra.Com's Answer #721671 by greenestamps(13215) You can put this solution on YOUR website! \n" ); document.write( "Simply solve the pair of equations by any method you like. \n" ); document.write( "For pairs of linear equations like these, my preference is to use the elimination method. \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "Multiply the first equation by 3 and the second by -2 and add; that eliminates variable x so you can solve for p. Then substitute the p value into either original equation to solve for x. \n" ); document.write( " |