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January 30, 2015

January 30, 2015

Posted by **Steff** on Monday, June 6, 2011 at 9:28pm.

- Supply & Demand -
**MathMate**, Tuesday, June 7, 2011 at 8:54amEquilibrium point is where the curves meet, or

D: 3x + p -40=0

S: 2x - p + 10=0

Solve for x and p to get:

x=6, p=22, i.e.

Equilibrium point is at

price =22, and x=6 (thousands).

- Supply & Demand -
**Robo**, Tuesday, June 7, 2011 at 2:40pmThanks. Was having difficulty setting up equation. Finally got right answer.

- Supply & Demand :) -
**MathMate**, Tuesday, June 7, 2011 at 4:28pmYou're welcome!

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