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A group of retailers will buy 80 televisions from a wholesaler if the price is $350 and 120 if the price is $300. The wholesaler
A group of retailers will buy 80 televisions from a wholesaler if the price is $350 and 120 if the price is $300. The wholesaler is willing to supply 60 televisions if the price is $280 and 140 if the price is $370. Assuming that the supply and demand functions are linear, find the equilibrium point for the market.
What ordered pairs are we given for demand? (don't include units in your answer, one ordered pair per box)
What are our ordered pairs are we given for supply? (don't include units in your answer, one ordered pair per box)
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