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O Points: 0 of 1 The supply function and demand function for the sale of a certain type of DVD player are given by
O Points: 0 of 1 The supply function and demand function for the sale of a certain type of DVD player are given by S(p) = 140e0.004p and D(p) = 490e-0.003p, where S(p) is the number of DVD players that the company is willing to sell at price p and D(p) is the quantity that the public is willing to buy at price p. Find p such that D(p) = S(p). This is called the equilibrium price. The equilibrium price is about $. (Do not round until the final answer. Then round to two decimal places as needed.) Save
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Sp140e0004p Dp490e0003p At equilibrium price SpDp Then 140e0004p490e0003p 490 e0004p 140 Apply ...Get Instant Access to Expert-Tailored Solutions
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College Algebra Graphs and Models
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna
5th edition
321845404, 978-0321791009, 321791002, 978-0321783950, 321783956, 978-0321845405
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