document.write( "Question 87709: The demand equation for a certain type of printer is given by D= -200p + 35,000
\n" );
document.write( "The supply equation is predicted to be S= -p^2+400p-20,000
\n" );
document.write( "Find the equilibrium price. \n" );
document.write( "
Algebra.Com's Answer #63609 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! The demand equation for a certain type of printer is given by D= -200p + 35,000 \n" ); document.write( "The supply equation is predicted to be S= -p^2+400p-20,000 \n" ); document.write( "Find the equilibrium price. \n" ); document.write( "------------- \n" ); document.write( "Equilibrium means demand = supply. \n" ); document.write( "EQUATION: \n" ); document.write( "-200p + 35,000 = -p^2+400p-20,000 \n" ); document.write( "p^2-600p+55000 = 0\r \n" ); document.write( "\n" ); document.write( "p = [600+sqrt(600^2-4*1*55000]/2 \n" ); document.write( "Positive answer: \n" ); document.write( "p = $487.08 \n" ); document.write( "============= \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |