Final answer:
To find the market equilibrium point (q, p), we need to solve the system of equations formed by the supply and demand functions: 4p - q - 186 = 0 and (p + 30)(q + 10) = 2988.
Step-by-step explanation:
To find the equilibrium point (q, p), we need to solve the system of equations formed by the supply and demand functions.
Supply function: 4p - q - 186 = 0
Demand function: (p + 30)(q + 10) = 2988
Substituting the value of q from the supply equation into the demand equation, we get:
(p + 30)(4p - 186 + 10) = 2988
Simplifying and solving this equation will give us the values of q and p at the market equilibrium point.
Example: Solving the equation above will yield a value of q = 34 and p = 134.