SOLUTION: The supply function for a product is 2p − q − 20 = 0, while the demand function for the same product is (p + 10)(q + 30) = 6600. Find the market equilibrium point.

SOLUTION: The supply function for a product is 2p − q − 20 = 0, while the demand function for the same product is (p + 10)(q + 30) = 6600. Find the market equilibrium point.

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Question 840162: The supply function for a product is
2p − q − 20 = 0,
while the demand function for the same product is
(p + 10)(q + 30) = 6600.
Find the market equilibrium point.
(q, p) =
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
p = 50, q = 80
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