document.write( "Question 76414: The demand and supply equations for a certain item are given by
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document.write( "D = 5p + 40
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document.write( "S= -p^2 + 30p -8
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document.write( "Find the equilibrium Price.
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document.write( "The answer I got for this one was $1.29. Is this correct? The answer options to this question are:
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document.write( "A)$1.29
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document.write( "B)$1.43
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document.write( "C)$1.57
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document.write( "D)$1.71
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document.write( "Thanks for all your help with this.
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document.write( "
Algebra.Com's Answer #55392 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! 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 means demand equals supply. \n" ); document.write( "EQUATION: \n" ); document.write( "5p+40 = -p^2+30p-8 \n" ); document.write( "p^2-25p+48=0\r \n" ); document.write( "\n" ); document.write( "p=[25+-sqrt(625-4*48]/2\r \n" ); document.write( "\n" ); document.write( "p=[25+-20.8]/2\r \n" ); document.write( "\n" ); document.write( "p=$2.10 or $22.90\r \n" ); document.write( "\n" ); document.write( "================ \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |