mjwallace520 mjwallace520

30-09-2022
Mathematics

Answered

The demand equation for the TI-83 graphing calculator is x+7p−1376=0, where x is the quantity demanded per week and p is the wholesale unit price in dollars. The supply equation is x−25p+1120=0, 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 calculators.

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