The demand for a product varies from 100,000 units at $130 per unit to 250,000 at $40 per unit. Also, 150,000 could be supplied at $30 per unit, whereas only 250,000 could be supplied for $110 each. Find the equilibrium point for the system (p, n).

Question

Quizplus · Accepted Answer

The Answer of The demand for a product varies from 100,000 units at $130 per unit to 250,000 at $40 per unit. Also, 150,000 could be supplied at $30 per unit, whereas only 250,000 could be supplied for $110 each. Find the equilibrium point for the system (p, n).

The Demand for a Product Varies from 100,000 Units at $130