The demand equation for the BWS Bluetooth wireless loudspeaker is p = −0.03x + 210 where x is the quantity demanded per month and p is the unit price in dollars. The corresponding supply equation is given by p = 0.015x + 30 where x is the quantity demanded per month and p is the unit price in dollars. Find the equilibrium quantity and the equilibrium price for the BWS Bluetooth wireless loudspeakers. equilibrium quantity units equilibrium price $
The demand equation for the BWS Bluetooth wireless loudspeaker is p = −0.03x + 210 where x is the quantity demanded per month and p is the unit price in dollars. The corresponding supply equation is given by p = 0.015x + 30 where x is the quantity demanded per month and p is the unit price in dollars. Find the equilibrium quantity and the equilibrium price for the BWS Bluetooth wireless loudspeakers. equilibrium quantity units equilibrium price $
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.7: Direct And Inverse Variation
Problem 36PS
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The demand equation for the BWS Bluetooth wireless loudspeaker is
p = −0.03x + 210
where x is the quantity demanded per month and p is the unit price in dollars. The corresponding supply equation is given by
p = 0.015x + 30
where x is the quantity demanded per month and p is the unit price in dollars. Find the equilibrium quantity and the equilibrium price for the BWS Bluetooth wireless loudspeakers.
equilibrium quantity | units | |
equilibrium price | $ |
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