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The supply function of a product X is gi...

The supply function of a product X is given as: `Sx 6Px+3`, where Px stands for price. At what price the firm will be willing to supply 27 pieces in the market?

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S(P) =1/2P + 40 D(P) = 220-P The quantity of a product supplied and the quantity of the product demanded in an economic market are functions of the price of the product. The functions above are the estimated supply and demand functions for a certain product. The function S P( ) gives the quantity of the product supplied to the market when the price is P dollars, and the function D P( ) gives the quantity of the product demanded by the market when the price is P dollars. At what price will the quantity of the product supplied to the market equal the quantity of the product demanded by the market?

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