Find the equilibrium point (q. p) for a product whose supply and demand equations are 35q-2p+250 = 0 and65q+p-537.5=0 respectively, where p is the price per unit and q is the quantity.Select one:O (5,212.5)O (2,160)O No SolutionO (250,537.5)Option AOption COption BOption D

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Answered: Find the equilibrium point (q. p) for a…

Algebra: Structure And Method, Book 1

(REV)00th Edition

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Chapter11: Rational And Irrational Numbers

Section11.2: Decimal Forms Of Rational Numbers

Problem 42WE

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Find the equilibrium point (q. p) for a product whose supply and demand equations are 35q-2p +250 = 0 and 65q+p-537.5=0 respectively, where p is the price per unit and q is the quantity. Select one: O (5,212.5) O (2,160) O No Solution O (250,537.5) Option A Option C Option B Option D