The demand equation for a certain brand of GPS Navigator is x + 5p - 950 = 0, where x is the quantity demanded per week and p is the wholesale unit price in dollars.
The supply equation is x - 19p + 1,210 = 0, where x is the quantity the supplier will make available in the market when the wholesale price is p dollars each. Find the equilibrium quantity and the equilibrium price for the GPS Navigators.
equilibrium quantity: __________ units
equilibrium price: $ __________

Question

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The Answer of The demand equation for a certain brand of GPS Navigator is x + 5p - 950 = 0, where x is the quantity demanded per week and p is the wholesale unit price in dollars.
The supply equation is x - 19p + 1,210 = 0, where x is the quantity the supplier will make available in the market when the wholesale price is p dollars each. Find the equilibrium quantity and the equilibrium price for the GPS Navigators.
equilibrium quantity: __________ units
equilibrium price: $ __________

The Demand Equation for a Certain Brand of GPS Navigator