document.write( "Question 70087: The demand and supply equations for a certain item are given by:\r
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document.write( "D = 5p + 40
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document.write( "S = -p^2 + 30p - 8\r
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document.write( "Find the equilibrium price..... How do I find the price when I am not sure of the actual numbers? Thank you! \n" );
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Algebra.Com's Answer #49944 by stanbon(75887) ![]() You can put this solution on YOUR website! The demand and supply equations for a certain item are given by: \n" ); document.write( "D = 5p + 40 \n" ); document.write( "S = -p^2 + 30p - 8 \n" ); document.write( "Find the equilibrium price. \n" ); document.write( "------------ \n" ); document.write( "Equilibrium occurs when supply equal demand \n" ); document.write( "EQUATION: \n" ); document.write( "-p^2+30p-8=5p+40 \n" ); document.write( "-p^2+25p-48=0 \n" ); document.write( "p=[-25+-sqrt(625-4*-1*-48]/-2 \n" ); document.write( "p=[-25+-sqrt(625-192)]/-2 \n" ); document.write( "p=[-25+-sqrt(433)]/-2 \n" ); document.write( "p=2.09 or 22.90 \n" ); document.write( "------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |