help please A group of retailers will buy 112 televisions from a wholesaler if the price is $300 and 152 if the price is $250. The wholesaler is willing to supply 92 if the price is $230 and 172 if the price is $320. Athe resulting supply and demand functions are linear, find the equilibrium point for the market. Suppose a certain outlet chain selling appliances has found that for one brand of home theater, the monthly demand is 120 when the price is $900. However, when the price is $800, the monthly demand is 160.Assuming that the demand function for this system is linear, write the equation for the demand function. Use p for price and q for quantity.

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A group of retailers will buy 112 televisions from a wholesaler if the price is $300 and 152 if the price is $250. The wholesaler is willing to supply 92 if the price is $230 and 172 if the price is $320. A the resulting supply and demand functions are linear, find the equilibrium point for the market.

A group of retailers will buy 112 televisions from a wholesaler if the price is $300 and 152 if the price is $250. The wholesaler is willing to supply 92 if the price is $230 and 172 if the price is $320. A the resulting supply and demand functions are linear, find the equilibrium point for the market.

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter3: Polynomial Functions

Section3.5: Mathematical Modeling And Variation

Problem 5ECP

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Question

help please

A group of retailers will buy 112 televisions from a wholesaler if the price is $300 and 152 if the price is $250. The wholesaler is willing to supply 92 if the price is $230 and 172 if the price is $320. A
the resulting supply and demand functions are linear, find the equilibrium point for the market.

Transcribed Image Text:Suppose a certain outlet chain selling appliances has found that for one brand of home theater, the monthly demand is 120 when the price is $900. However, when the price is $800, the monthly demand is 160. Assuming that the demand function for this system is linear, write the equation for the demand function. Use p for price and q for quantity.

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