document.write( "Question 89956: 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\r
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document.write( "Find the equillibrium price\r
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document.write( "A)1.43
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document.write( "B)1.57
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document.write( "C)1.71
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document.write( "D)1.29 \n" );
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Algebra.Com's Answer #65354 by ankor@dixie-net.com(22740) 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 price occurs when demand = Supply: \n" ); document.write( "d = s \n" ); document.write( ": \n" ); document.write( "-5p + 40 = -p^2 + 30p - 8 \n" ); document.write( ": \n" ); document.write( "Arrange as a quadratic equation on the left: \n" ); document.write( "+p^2 - 5p - 30p + 40 + 8 = 0 \n" ); document.write( ": \n" ); document.write( "p^2 - 35p + 48 = 0 \n" ); document.write( ": \n" ); document.write( "Use the quadratic formula to find p: a=1; b=-35; c=48 \n" ); document.write( " \n" ); document.write( ": \n" ); document.write( " \n" ); document.write( ": \n" ); document.write( " \n" ); document.write( ": \n" ); document.write( " \n" ); document.write( ": \n" ); document.write( "I'll let you do the math and find the value of p: \n" ); document.write( " \n" ); document.write( " |