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Supply-demand. The supply S and demand D for a certain commodity satisfy the equations
If p(0) = 30, find the equilibrium price at time t and the long-range equilibrium price.
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Calculus for Business, Economics, Life Sciences, and Social Sciences - Boston U.
- bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.arrow_forwardFind the constant of proportionality. y is directly proportional to x. If x=30, then y=15.arrow_forwardIf D(p)=5400-60p and S(p) = 400+40p are demand and supply functions, respectively, find the equilibrium point. The equilibrium point is (0) KITSarrow_forward
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