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Let one weeks supply and demand functions for gasoline be given by p=d(q)=288-5/2q and p=s(q)=3/2q, where p is the price in dollars and q is the number of 42 gallon barrels. a. graph these equations on the same axes. b. find the equilibrium quantity. c. find the equilibrium price.
Answers: 2
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You need to solve a system of equations. you decide to use the elimination method. which of these is not allowed? 3x - 2y = 7 3x + 4y = 17 equation 1 equation 2
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Let one weeks supply and demand functions for gasoline be given by p=d(q)=288-5/2q and p=s(q)=3/2q,...
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