Example 1. Find the equilibrium point in the following cases.2x+ 2 and p =1008x+ 12100(a) Given supply and demand equations, p =réspectively.

Answered: Image /qna-images/answer/8650828c-1003-4a79-a5b4-2f5ffa47e503.jpg

Answered: Example 1. Find the equilibrium point…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Find the point of equilibrium for the following supply and demand equations where ? is number of units and ? is the price per unit. Demand: ?=74−0.000030?=74−0.000030q Supply: ?=43+0.000280?=43+0.000280q Number of units for equilibrium = Price per unit at equilibrium =
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Example 1. Find the equilibrium point in the following cases. 2x + 2 and p = 100 8x +12 100 (a) Given supply and demand equations, p = respectively.