SOLUTION: Help required with this question If the demand function for a product is given by Psquare + 2q=1600 and the supply function is given by 200-Psquare +2q =0. Find the equilib

Question 853974: Help required with this question
If the demand function for a product is given by Psquare + 2q=1600 and the supply function is given by 200-Psquare +2q =0.
Find the equilibrium quantity and equilibrium price.?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!

 

Hi,



  2P^2 = 1800

   P^2 = 900     (Tossing out the negative solution for unit measure)

   P = 30, Price

 900 + 2q = 1600

       2q = 700

        q = 350, the quanity 

RELATED QUESTIONS

Help please. I'm not understanding this problem at all. 

For a particular item the... (answered by stanbon)
HELP!  I need assistance with this demand supply problem!
The demand and supply... (answered by Edwin McCravy)
The demand function for a particular product is given by p + 10q = 460 while supply for... (answered by math-vortex)
the supply function for a commodity is given by p2squared=q+5 and the demand is given by... (answered by longjonsilver)
Still having a little trouble with functions. Question is:
Let the supply and demand... (answered by stanbon)
Hello,
I have a word problem that requires 4 answers and wondered if you could help.... (answered by stanbon)
The demand and supply equations for a certain item are given by 
D = 5p + 40
S= -p^2 +... (answered by stanbon)
the supply function for a certain products is p=q-10 and the demand function for the... (answered by greenestamps)
 Supply and demand  A certain product has supply and 
 demand functions p = 4q + 5 and p  (answered by josmiceli)