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The demand equation for the Drake GPS Navigator is x + 4p 955 = 0, where x is the quantity demanded per week and p
The demand equation for the Drake GPS Navigator is x + 4p 955 = 0, where x is the quantity demanded per week and p is the wholesale unit price in dollars. The supply equation x 19p + 1000 = 0, where x is the quantity the supplier will make available in the market each week when the wholesale price is p dollars each. Find the equilibrium quantity and the equilibrium price for the GPS Navigators
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