document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=197011>Question 197011</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the equilibrium point for the given demand and supply functions.<BR>\n" );
document.write( "D(p) = (p - 62)2<BR>\n" );
document.write( "S(p) = p2 + 4p + 2948\r<BR>\n" );
document.write( "\n" );
document.write( "Equilibrium price: pE = <BR>\n" );
document.write( "Equilibrium quantity: xE = \r<BR>\n" );
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document.write( "can someone help please<BR>\n" );
document.write( "thanks </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #147952 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=147952\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Find the equilibrium point for the given demand and supply functions.<BR>\n" );
document.write( "D(p) = (p - 62)^2<BR>\n" );
document.write( "S(p) = p^2 + 4p + 2948 <BR>\n" );
document.write( "Equilibrium price: pE =<BR>\n" );
document.write( "Equilibrium occurs when D(p) = S(p)<BR>\n" );
document.write( "(p-62)^2 = p^2 + 4p + 2948<BR>\n" );
document.write( "(p-62)(p-62) = p^2 + 4p + 2948<BR>\n" );
document.write( "Use FOIL on the left side to gt:<BR>\n" );
document.write( "p^2 - 124p + 3844 = p^2 + 4p + 2948<BR>\n" );
document.write( "Add 124p to both sides; subtract 2948 from both sides.<BR>\n" );
document.write( "128p = 896<BR>\n" );
document.write( "p = 7<BR>\n" );
document.write( "--------------------------- <BR>\n" );
document.write( "Equilibrium quantity: xE = <BR>\n" );
document.write( "Comment: What is E?<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );