Elementary and Intermediate Algebra: Concepts & Applications (6th Edition)

Published by Pearson
ISBN 10: 0-32184-874-8
ISBN 13: 978-0-32184-874-1

Chapter 8 - Systems of Linear Equations and Problem Solving - Study Summary - Practice Exercises - Page 570: 14

Answer

$$p=9$$

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: $$ 60+9p=195-6p\\ 15p=135\\ p=9$$
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.