Time left estion Find the equilibrium point (q, p) for a product whose supply and demand equations are p = 8 q + 50 and 100 7 q+ 65 respectively, where p is the price per unit and q is the quantity. 100 ut of Select one: O (1500, 120) O (50, 65) O (100, 58) O No Solution

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Time left
estion
Find the equilibrium point (q, p) for a product whose supply and demand equations are p =
8.
q + 50 and
100
7
p = -
q+ 65 respectively, where p is the price per unit and q is the quantity.
100
ut of
Select one:
O (1500, 120)
O (50, 65)
O (100, 58)
O No Solution
Transcribed Image Text:Time left estion Find the equilibrium point (q, p) for a product whose supply and demand equations are p = 8. q + 50 and 100 7 p = - q+ 65 respectively, where p is the price per unit and q is the quantity. 100 ut of Select one: O (1500, 120) O (50, 65) O (100, 58) O No Solution
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