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 Mar 26, 2015 16.0k views

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

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5 votes

$3500-80x=250+10x\\ -90x=-3250\\ x=(325)/(9)\approx36.1$

Buck Doyle answered Mar 29, 2015

8.7k points

2 votes

3500-80x=250+10x

3500=250+90x
3250=90x
3250/90
X=36.1 repeating

Jbouaziz answered Apr 2, 2015

7.9k points

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