The supply function and the demand function for the sale of a certain type of DVD player
Question:
S(p) = 150e0.004p and D(p) = 480e-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.
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480e 0003p 150e 0004p 4...View the full answer
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Related Book For 
College Algebra Graphs and Models
ISBN: 978-0321845405
5th edition
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna
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