The supply and demand for a product are related to price by the following equations, where y is the price, in dollars, and x is the number of units, in thousands. Find the equilibrium point for this product. y = 100 +60x y = 6100 - 60x The equilibrium point is (Tyno on

Algebra and Trigonometry (6th Edition)
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ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
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Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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The supply and demand for a product are related to price by the following equations, where y is the price, in dollars, and x is the number of units, in thousands. Find the equilibrium point for this product. Y=100+60x Y=6100-60x
The supply and demand for a product are related to price by the following equations, where y is the price, in
dollars, and x is the number of units, in thousands. Find the equilibrium point for this product.
y = 100 +60x
y = 6100 - 60x
The equilibrium point is.
(Type an ordered pair, but do not use commas in any individual coordinates. Do not include the $ symbol in
your answer.)
Transcribed Image Text:The supply and demand for a product are related to price by the following equations, where y is the price, in dollars, and x is the number of units, in thousands. Find the equilibrium point for this product. y = 100 +60x y = 6100 - 60x The equilibrium point is. (Type an ordered pair, but do not use commas in any individual coordinates. Do not include the $ symbol in your answer.)
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