Mathematics, 07.10.2020 23:01, rlafferty5604

Let p denote the current market price for widgets and let x denote a quantity of widgets. The price per widget and the daily supply of widgets are related by the following Supply Equation: p = 0.16x + 16. The price per widget and the daily demand for widgets are related by the following Demand Equation: p = –0.09x + 29. Find the equilibrium price for widgets in the market. Round your answer to two decimal places.

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Let p denote the current market price for widgets and let x denote a quantity of widgets. The price...