The quantity y of a product supplied is related to its price by the equation y =

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The quantity y of a product supplied is related to its price by the equation y = -17,500 + 8000x, where x is price in dollars. The quantity demanded y for the same product is represented by y = 35,000 2500.x.

(a) Find the price at which this product is sold.

(b) Find the quantity sold at this price.

(d) If the product was priced lower than the equilibrium price, what situation would result?

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College Algebra With Modeling And Visualization

ISBN: 9780134418049

6th Edition

Authors: Gary Rockswold

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Question Posted: Jun 19, 2023 01:04 PM

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The quantity y of a product supplied is related to its price by the equation y =

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College Algebra With Modeling And Visualization

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