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  3. the demand equation for milk is p 27035023x and...

Question: the demand equation for milk is p 27035023x and...

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The demand equation for milk is p = 27.035-0.23x, and the supply equation is p-0.06x, where p is the price in dollars per hundred pounds and x is the amount of milk measured in billions of pounds. Find the equilibrium point. (Round your answers to two decimal places.) billions of pounds of milk will be sold at $ per hundred pounds

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