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The supply and demand for a product are related to price by the following equations, where y is the price, in dollars, and x is the number of units, in thousands. Find the equilibrium point for this product. y = 400+50x y=5900-60x The equilibrium point is (Type an ordered pair, but do not use commas in any individual coordinates. Do not include the $ symbol in your answer.)

The supply and demand for a product are related to price by the following equations, where y is the price, in dollars, and x is the number of units, in thousands. Find the equilibrium point for this product. y = 400+50x y=5900-60x The equilibrium point is (Type an ordered pair, but do not use commas in any individual coordinates. Do not include the $ symbol in your answer.)

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Elementary Algebra
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ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
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The supply and demand for a product are related to price by the following equations, where y is the price, in dollars, and x is the number of units, in thousands. Find the equilibrium point for this product. y = 400 + 50x y=5900-60x The equilibrium point is. (Type an ordered pair, but do not use commas in any individual coordinates. Do not include the $ symbol in your answer.)
Transcribed Image Text:The supply and demand for a product are related to price by the following equations, where y is the price, in dollars, and x is the number of units, in thousands. Find the equilibrium point for this product. y = 400 + 50x y=5900-60x The equilibrium point is. (Type an ordered pair, but do not use commas in any individual coordinates. Do not include the $ symbol in your answer.)
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