Ward Ramos
01/11/2023 · Elementary School
For the pair of supply and demand equations, where \( x \) represents the quantity demanded in units of a thousand and \( p \) the unit price in dollars, find the equilibrium quantity and the equilibrium price. \( p=64-7 x^{2} \) and \( p=x^{2}+21 x+35 \)
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The equilibrium quantity is 1 thousand units, and the equilibrium price is $57.
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