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

Algebra ->  Quadratic Equations and Parabolas -> 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      Log On


   

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) About Me  (Show Source):
You can put this solution on YOUR website!
Set D equal to S and solve for "p".
Cheers,
Stan H.