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Find the equilibrium point for the demand and supply functions given .....hint: find x when D(x)=S(x) D(x)= 3500-80x S(x)=250+10x

Find the equilibrium point for the demand and supply functions given .....hint: find x when D(x)=S(x) D(x)= 3500-80x S(x)=250+10x
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4 votes
Find the equilibrium point for the demand and supply functions given .....hint: find x when D(x)=S(x)

D(x)= 3500-80x
S(x)=250+10x

asked
User Apascualb
by
8.2k points

2 Answers

5 votes

3500-80x=250+10x\\ -90x=-3250\\ x=(325)/(9)\approx36.1
answered
User Buck Doyle
by
8.3k points
2 votes
3500-80x=250+10x

3500=250+90x
3250=90x
3250/90
X=36.1 repeating
answered
User Jbouaziz
by
7.9k points
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