Essay
For the pair of supply-and-demand equations, where x represents the quantity demanded in units of 1,000 and p is the unit price in dollars, find the equilibrium quantity and the equilibrium price.
p = - 3x + 29 and p = 4x + 1
equilibrium quantity __________ units
equilibrium price $ __________
Correct Answer:
Verified
Correct Answer:
Verified
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