Mckenzie Pollard
09/04/2024 · Senior High School
Suppose the quantity demanded, \( q \), of a product when the price is \( p \) dollars is given by the equation \( p=960-7 q \), and the quantity supplied is given by the equation \( p=9 q \). Find the equilibrium price and quantity. Equilibrium quantity: Equilibrium price: \( \$ \) Submit Question
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The equilibrium quantity is 60 units and the equilibrium price is $540.
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