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August 20, 2014

Homework Help: math

Posted by Anonymous on Sunday, June 2, 2013 at 3:14pm.

given the demand equation 8x + p - 46 = 0 and the supply equation 7x - p + 18 = 0, where p is the unit price in dollars and x represents the quantity demanded in units of a thousand, determine the equilibrium quantity and equilibrium price.

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