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Let the supply and demand equations be given by p= -r – 2x + 100, p= 8x + 25, respectively, where x represents the quantity demanded and p the unit price in dollars. Find the equilibrium price Po. a) $41. b) $57. c) $65. d) $72. e) None of these.

Let the supply and demand equations be given by p= -r – 2x + 100, p= 8x + 25, respectively, where x represents the quantity demanded and p the unit price in dollars. Find the equilibrium price Po. a) $41. b) $57. c) $65. d) $72. e) None of these.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Let the supply and demand equations be given by p = -x² 2x + 100, p= 8x + 25, respectively, where X represents the quantity demanded and p the unit price in dollars. Find the equilibrium price Po. a) $41. O b) $57. c) $65. d) $72. e) None of these. 1/4 1/2 D.
Transcribed Image Text:Let the supply and demand equations be given by p = -x² 2x + 100, p= 8x + 25, respectively, where X represents the quantity demanded and p the unit price in dollars. Find the equilibrium price Po. a) $41. O b) $57. c) $65. d) $72. e) None of these. 1/4 1/2 D.
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