Problem

Market supply and demand, in hundreds, for cell phones is given by S(x) = - 20 + x andD(x)...

Market supply and demand, in hundreds, for cell phones is given by S(x) = - 20 + x andD(x) = 59.2 − 0.76x, where x is the monthly cost of the phone. Find the equilibrium value and interpret its meaning.

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