# Chapter 8 - Systems of Linear Equations and Problem Solving - 8.8 Business and Economics Applications - 8.8 Exercise Set - Page 563: 23

$$p=50$$

#### Work Step by Step

We know that the equilibrium point is the intersection of the supply and demand functions. Thus, we find that the equilibrium point is: $$7500-25p=6000+5p\\ -30p=-1500\\ p=50$$

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