Medina Riley
07/12/2023 · Primary School
The supply and demand for the sale of television sets by an electronics company are given by \( S(p)=\ln p \) and \( D(p)=\ln \frac{193000}{p} \), where \( S(p)= \) the number of television sets that the company is willing to sell at \( \$ p \) and \( D(p)= \) the quantity that the public is willing to buy at \( \$ p \). Find the equilibrium point.
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The equilibrium point is approximately \( (p, S(p)) \approx (439.42, 6.086) \).
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