document.write( "Question 1204039: The demand equation for the Drake GPS Navigator is
\n" ); document.write( "x + 4p − 463 = 0,
\n" ); document.write( " where x is the quantity demanded per week and p is the wholesale unit price in dollars. The supply equation
\n" ); document.write( "x − 15p + 1000 = 0,
\n" ); 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.
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Algebra.Com's Answer #840045 by MathLover1(20849)\"\" \"About 
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\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( "\"x+%2B+4p-+463+=x+-+15p+%2B+1000\"\r
\n" ); document.write( "\n" ); document.write( "\"+15p%2B+4p++=x+-+x+%2B+1000%2B463\"\r
\n" ); document.write( "\n" ); document.write( "\"+19p++=1463\"\r
\n" ); document.write( "\n" ); document.write( "\"+p++=1463%2F19\"\r
\n" ); document.write( "\n" ); document.write( "\"+p++=77\"........the equilibrium price \r
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\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( "\"+x+%2B+4p+-463+=+0\"\r
\n" ); document.write( "\n" ); document.write( "\"+x++%2B+4%2A77+-463+=+0\"\r
\n" ); document.write( "\n" ); document.write( "\"+x++-155=+0\"\r
\n" ); document.write( "\n" ); document.write( "\"+x+=155\"\r
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