Market Equilibrium S(x)= 4x +200 and D(x) = -3x +480 a. Find the value of x e
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Market Equilibrium
S(x)= 4x +200 and D(x) = -3x +480
a. Find the value of xe for which equilibrium occurs and the corresponding equilibrium price pe
b. Sketch the graphs of the supply and demand curves p=S(x) and p=D(x), on the same graph
c. For what values of x is there a market shortage? A market surplus?
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