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At a price of $27.75, producers will provide 8 items, while at a price of $33.25, they will provide 30 items. Consumers will purchase 85 of these items if the price is $91.5, but will purchase 133 items if the price decrea to $81.25. Find the market equilibrium point. (Enter your answers as a comma-separated list.) (x, y) = 71, 181 X

At a price of $27.75, producers will provide 8 items, while at a price of $33.25, they will provide 30 items. Consumers will purchase 85 of these items if the price is $91.5, but will purchase 133 items if the price decrea to $81.25. Find the market equilibrium point. (Enter your answers as a comma-separated list.) (x, y) = 71, 181 X

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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At a price of $27.75, producers will provide 8 items, while at a price of $33.25, they will provide 30 items. Consumers will purchase 85 of these items if the price is $91.5, but will purchase 133 items if the price decrease to $81.25. Find the market equilibrium point. (Enter your answers as a comma-separated list.) (x, y) = = 71, 181 )
Transcribed Image Text:At a price of $27.75, producers will provide 8 items, while at a price of $33.25, they will provide 30 items. Consumers will purchase 85 of these items if the price is $91.5, but will purchase 133 items if the price decrease to $81.25. Find the market equilibrium point. (Enter your answers as a comma-separated list.) (x, y) = = 71, 181 )
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