Register
If the supply function for a commodity is p=q^2+5q+16 and the demand function is p=-2q^2+6q+436, find the equilibrium quantity and equilibrium price
220k views
0 votes
If the supply function for a commodity is p=q^2+5q+16 and the demand function is p=-2q^2+6q+436, find the equilibrium quantity and equilibrium price

User Frank Underwood
by
7.6k points

1 Answer

3 votes
the intersection is (12,220) so the quantity is 12 and the price is 220
User Valentin Kuhn
by
7.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!