Repeat Example 6 if near the end of summer, the supply and- demand equations are

Data from Example 6

At a large summer beach resort, the weekly supply-and demand equations for folding beach chairs are

The supply equation indicates that the supplier is willing to sell x units at a price of p dollars per unit. The demand equation indicates that consumers are willing to buy x units at a price of p dollars per unit. How many units are required for supply to equal demand? At what price will supply equal demand?

Transcribed Image Text:

P P X 80 1,264 X 20 Supply equation Demand equation