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In: Advanced Math

A group of retailers will buy 84 televisions from a wholesaler if the price is $400...

A group of retailers will buy 84 televisions from a wholesaler if the price is $400 and 124 if the price is $350. The wholesaler is willing to supply 76 if the price is $315 and 156 if the price is $405. Assuming the resulting supply and demand functions are linear, find the equilibrium point for the market.

(q, p) = ( , )

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Colby Messinger answered 2 years ago
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