A baker supplies 16 croissants at a price of 1.70 each, if she's offered 1.50 for each croissant she will supply 4 fewer croissants to the cafe. cafe demand: p= -0.58x +7.2 where x is the number of croissants demanded and p is the price of croissants. Find the equilibrium point.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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A baker supplies 16 croissants at a price of 1.70 each, if she's offered 1.50 for each croissant she will supply 4 fewer croissants to the cafe. cafe demand: p= -0.58x +7.2 where x is the number of croissants demanded and p is the price of croissants. Find the equilibrium point.

 

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