document.write( "Question 88322: The demand and supply equations for a certain item are given by
\n" );
document.write( " D = –5p + 40
\n" );
document.write( " S = –p2 + 30p – 8
\n" );
document.write( "Find the equilibrium price.\r
\n" );
document.write( "\n" );
document.write( " \n" );
document.write( "
Algebra.Com's Answer #64152 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 = –p2 + 30p – 8 \n" ); document.write( "Find the equilibrium price.\r \n" ); document.write( "\n" ); document.write( "-------------------- \n" ); document.write( "Equilibrium means demand = supply \n" ); document.write( "-------- \n" ); document.write( "-5p+40 = -p^2 + 30p - 8 \n" ); document.write( "p^2 - 35p + 48 = 0 \n" ); document.write( "p = [35+-sqrt(35^2-4*1*48)]/2\r \n" ); document.write( "\n" ); document.write( "p = [35 +- sqrt(1033)]/2\r \n" ); document.write( "\n" ); document.write( "p = $33.57 or p = $1.3 \n" ); document.write( "================= \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |