Noxin Electronics is considering producing small SD cards. Research shows linear demand to be from 40,000 SD
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Noxin Electronics is considering producing small SD cards. Research shows linear demand to be from 40,000 SD cards at \(\$ 2\) to 100,000 at \(\$ 1\). Similarly, the supply goes from 20,000 SD cards at \(50 otin\) to 80,000 at \(\$ 5\). What is the equilibrium point?
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To find the equilibrium point we need to find the intersection point of the demand and supply functi...View the full answer
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