A company wholesales shampoo in a particular city. Their marketing research department established the following weekly supply-and-demand equations. X 1 + p= 450 2 6,300 X p= Supply equation Demand equation How many units are required for supply to equal demand? At what price per bottle will supply equal demand?
A company wholesales shampoo in a particular city. Their marketing research department established the following weekly supply-and-demand equations. X 1 + p= 450 2 6,300 X p= Supply equation Demand equation How many units are required for supply to equal demand? At what price per bottle will supply equal demand?
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Transcribed Image Text:A company wholesales shampoo in a particular city. Their marketing research department established the following
weekly supply-and-demand equations.
X 1
+
p=
450 2
6,300
X
p=
Supply equation
Demand equation
How many units are required for supply to equal demand? At what price per bottle will supply equal demand?
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