Write the demand equation and the supply equation

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Past sales show that when a scanner is priced at $175, the quantity demanded is 350 units per week. For each $5 drop in price below $175, the quantity demanded rises by 50 units per week. The manufacturer will not market any of the devices if the price is $100 or lower, but for each $10 increase in price, the manufacturer is willing to market an additional 75 items. Write the demand equation and the supply equation. Then find the equilibrium quantity and the equilibrium price

Reference no: EM131006338

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