The Demand Equation for a Certain Brand of GPS Navigator

question 171

Essay

The demand equation for a certain brand of GPS Navigator is x + 3p - 765 = 0, where x is the quantity demanded per week and p is the wholesale unit price in dollars. The supply equation is
x - 18p + 390 = 0, where x is the quantity the supplier will make available in the market when the wholesale price is p dollars each. Find the equilibrium quantity and the equilibrium price for the GPS Navigators.
equilibrium quantity __________ units
equilibrium price $ __________

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Definitions:

Québec

A province in eastern Canada, known for its predominantly French-speaking population and unique cultural heritage.

Air Mass

A volume of air defined by its temperature and water vapor content that moves across large areas of the Earth's surface.

Surface

The outermost layer or boundary of an object or material which is in direct contact with the surrounding environment.

Hot And Dry

Describes climates or conditions with high temperatures and low precipitation, typical of deserts or arid regions.