SOLUTION: Find the equilibrium point for the given supply and demand equation. Here y represents price and x represents quantity
y= 2700-80x (demand)
y= 100x (supply)
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-> SOLUTION: Find the equilibrium point for the given supply and demand equation. Here y represents price and x represents quantity
y= 2700-80x (demand)
y= 100x (supply)
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Question 513382: Find the equilibrium point for the given supply and demand equation. Here y represents price and x represents quantity
y= 2700-80x (demand)
y= 100x (supply) Answer by ankor@dixie-net.com(22740) (Show Source):
You can put this solution on YOUR website! Find the equilibrium point for the given supply and demand equation. Here y represents price and x represents quantity
y= 2700-80x (demand)
y= 100x (supply)
:
Supply = demand
100x = 2700 - 80x
100x + 80x = 2700
180x = 2700
x =
x = $15 is the price
