document.write( "Question 1204039: The demand equation for the Drake GPS Navigator is
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document.write( "x + 4p − 463 = 0,
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document.write( " where x is the quantity demanded per week and p is the wholesale unit price in dollars. The supply equation
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document.write( "x − 15p + 1000 = 0,
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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. \n" );
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Algebra.Com's Answer #840045 by MathLover1(20849)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "The equilibrium price in any market is the price at which quantity demanded equals quantity supplied. \r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Find the equilibrium quantity x using the demand equation\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |