Solve the problem.Find the equilibrium point for the given supply and demand functions. Here p represents price and x represents quantity.
A. (28, $840)
B. (30, $1920)
C. (16, $1920)
D. (30, $660)
Answer: C
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A.
B.
C.
D.
A store manager wants to know the demand y for an energy bar as a function of price x. The daily sales for three different prices of the energy bar are shown in the table. Price, x $0.94 $1.21 $1.55 Demand, y 490305340? ? (i) Use the regression capabilities of a graphing utility to find the least squares regression line for the data.(ii) Use the model to estimate the demand when the price is $1.38. Round your answer to the six decimal places. ?
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