SOLUTION: Find the equilibrium point for the following: D(p)=132-13p and S(p)=86+10p

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Question 72758: Find the equilibrium point for the following:
D(p)=132-13p
and
S(p)=86+10p
Answer by ankor@dixie-net.com(22740) About Me  (Show Source):
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Find the equilibrium point for the following:
D(p)= 132 - 13p
and
S(p) = 86 + 10p
:
That occurs when S(p) = D(p)
Therefore:
86 + 10p = 132 - 13p at equilibrium
:
10p + 13p = 132 - 86
:
23p = 46
:
p = 46/23
:
P = 2
:
:
Check, prove that p=2 produces equilibrium:
86 + 10(2) = 132 - 13(2)
86 + 20 = 132 - 26
106 = 106