The market equilibrium point for a product is reached when 11000 units are produced and sold at $24 per unit. The manufacturer will not produce any units at the price of $3, and the customers will not buy any at the price of $61.Find the supply and demand equations, assuming they are linear. The equations should express price p in terms of quantity q.
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The market equilibrium point for a product is reached when 11000 units are produced and sold at $24...
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