Solution: In Exercises 73 76, find the point of equilibrium of the demand and supply

Chapter 8, Problem 76

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Economics   In Exercises 73–76, find the point of equilibrium of the demand and supply equations. The point of equilibrium is the price p and the number of units x that satisfy both the demand and supply equations.

          Demand                                               Supply

p =  400 − 0.0002x                                    p = 225 + 0.0005x

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