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D=141-0.16p S=64+0.28p The set of eq...

`D=141-0.16p`
`S=64+0.28p`
The set of equations above describes how the supply, S, and demand, D, for a computer memory chip depends on market price. If p represents the price in dollars for each lot of 10 memory chips, for what dollar price per memory chip does supply equal demand?

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To find the dollar price per memory chip where supply equals demand, we start with the given equations: 1. **Demand Equation**: \( D = 141 - 0.16p \) 2. **Supply Equation**: \( S = 64 + 0.28p \) We need to find the price \( p \) at which supply equals demand, so we set \( D = S \): ### Step 1: Set the equations equal to each other \[ 141 - 0.16p = 64 + 0.28p \] ### Step 2: Rearrange the equation First, we will move all terms involving \( p \) to one side and constant terms to the other side. Subtract \( 64 \) from both sides: \[ 141 - 64 - 0.16p = 0.28p \] This simplifies to: \[ 77 - 0.16p = 0.28p \] ### Step 3: Combine like terms Now, we add \( 0.16p \) to both sides: \[ 77 = 0.28p + 0.16p \] This simplifies to: \[ 77 = 0.44p \] ### Step 4: Solve for \( p \) Now, divide both sides by \( 0.44 \): \[ p = \frac{77}{0.44} \] Calculating this gives: \[ p \approx 175 \] ### Step 5: Find the price per memory chip Since \( p \) represents the price for a lot of 10 memory chips, the price per memory chip is: \[ \text{Price per memory chip} = \frac{p}{10} = \frac{175}{10} = 17.5 \] ### Final Answer The dollar price per memory chip at which supply equals demand is **$17.50**. ---
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The set of equations above describes how the supply, S, and demand, D, for a computer memory chip depends on market price. If p represents the price in dollars on market price. If p represents the price in dollars for each lot of 10 memory chips, for whar dollars price per memory chip does supply equal demand?

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