SupplyDemand The number x of picture cell phones a

Chapter , Problem 6.3.43

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SupplyDemand The number x of picture cell phones a manufacturer is willing to sell at price p is given by x = p25 - 20 where p is the price, in dollars, per picture cell phone. The number x of picture cell phones a distributor is willing to purchase is given by x = 17,710p + 1 where p is the price per picture cell phone. Find the equilibrium price. (See Section 6.1 for a discussion of supplydemand equations.)

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