Question
Spanish version The supply and demand equations for a certain product are: (1) and (2) respectively, where p represents the price per unit in dollars
Spanish version
The supply and demand equations for a certain product are: (1) and (2) respectively, where p represents the price per unit in dollars and q, the number of units sold per period.
1 3q-200p+1800=0
2 3q+100p-1800=0
Find the equilibrium price algebraically. Find the equilibrium price algebraically. Find and interpret the equilibrium price when a tax of 27 cents per unit is imposed on the supplier.
Give English
The supply and demand equations for a certain product are: (1) and (2) respectively, where p represents the price per unit in dollars and q, the number of units sold per period.
1 3q-200p+1800=0
2 3q+100p-1800=0
Find the equilibrium price algebraically. Find the equilibrium price algebraically. Find and interpret the equilibrium price when a tax of 27 cents per unit is imposed on the supplier.
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