SOLUTION: Tutor, Could you help me with this problem? The demand equation for a certain type of printer is given by D= -200p + 35,000 The supply equation is predicted to be S

SOLUTION: Tutor, Could you help me with this problem? The demand equation for a certain type of printer is given by D= -200p + 35,000 The supply equation is predicted to be S

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Question 104390: Tutor,
Could you help me with this problem?
The demand equation for a certain type of printer is given by
D= -200p + 35,000
The supply equation is predicted to be
S= -p^2 + 400p - 20,000
Find the equilibrim price.
Thank you for your help.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Set D equal to S and solve for "p".
Cheers,
Stan H.
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