document.write( "Question 1185005: Suppose that the supply and demand equations for a certain product are P= 1/14 q-9 and p=-1/70 q+3 respectively, where p represents the price per unit in dollars and q represents the number of units per time period. \r
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document.write( "(a) Find the equilibrium price algebraically.
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document.write( "(b) Find the equilibrium point graphically
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Algebra.Com's Answer #815738 by ikleyn(52787)![]() ![]() You can put this solution on YOUR website! .\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "To find the equilibrium point graphically, use your graphing calculator.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Or, alternatively, use any web-site, which provides plotting tools and makes relevant plots,\r \n" ); document.write( "\n" ); document.write( "by printing the equations of the lines into the input window of the plotter.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Use, for example, this web-site \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "www.desmos.com\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "It is free of charge, by the way . . . \r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |