SOLUTION: The demand equation for a certain type of printer is given by
D = -200p + 35,000
The supply equation is predicted to be
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Question 87254This question is from textbook Beginning Algebra
: 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 square + 400p - 20,000
Find the equilibraum price
This question is from textbook Beginning Algebra
Answer by longjonsilver(2297) (Show Source): You can put this solution on YOUR website!
Not too sure what the equilibrium price is ie how to get it. I am assuming that it is where both equations are the same. If this is true then:
so when these are equal:
so or
so or
p = 487.1 or 112.9
Now this gives 2 valid answers so i am not too sure whether i have given you the correct method. Sorry.
cheers
Jon
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