The supply for a certain commodity is linear and determined to be [p=0.005 n+12] whereas the demand
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The supply for a certain commodity is linear and determined to be
\[p=0.005 n+12\]
whereas the demand is linear with
\[p=150-0.01 n\]
where \(p\) is the price and \(n\) is the number of items. What is the equilibrium point for \((p, n) ?
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The equilibrium point p n is the point where supply equals demand In other words ...View the full answer
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