SOLUTION: the supply function for a certain products is p=q-10 and the demand function for the product is p(q+15)=350. Find the market equilibrium points (q,p) for the product?
please hel
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Question 1140717: the supply function for a certain products is p=q-10 and the demand function for the product is p(q+15)=350. Find the market equilibrium points (q,p) for the product?
please help
Answer by greenestamps(13203) (Show Source): You can put this solution on YOUR website!
Solve the pair of equations simultaneously. With one equation specifically defining p in terms of q, substitution is easiest:
Factor and solve, then choose the positive solution....
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