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hi can you help me solve this problem?The supply and demand equations for the sale of widgets are given below.p = 0.4x + 70p = −0.5x + 142Find the equilibrium quantity and price.The equilibrium quantity
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hi can you help me solve this problem?The supply and demand equations for the sale of widgets are given below.p = 0.4x + 70p = −0.5x + 142Find the equilibrium quantity and price.The equilibrium quantity is x = The equilibrium price is p = $

hi can you help me solve this problem?The supply and demand equations for the sale-example-1
User Jbarrameda
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1 Answer

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We were given that:


\begin{gathered} p=0.4x+70---------1 \\ p=-0.5x+142-------2 \end{gathered}

At equilibrium, we have:


undefined

User Lalith B
by
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