Question: Use the price - demand function D ( x ) = 8 0 0 0 - 1 5 x and the price - supply function

Use the price-demand function D(x)=8000-15x and the price-supply function S(x)=7000+10x to find the equilibrium point.
None of the other choices is correct.
(200,9000)
(40,7400)
(200,5000)
Use the price - demand function D ( x ) = 8 0 0 0

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!