The supply curve for a product is y = 250x – 1000. The demand curve for the same product is y = – 350x + 8,000, where x is the price and y the number of items produced. Find the following. a) At a price of $10, how many items will be in demand? b) At what price will 4,000 items be supplied? c) What is the equilibrium price for this product? d) How many items will be manufactured at the equilibrium price?
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The supply curve for a product is y = 250x – 1000. The demand curve for the same product is y = – 35...
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