document.write( "Question 1045240: Please help me with this. Detailed workings are very much appreciated, thanks!
\n" ); document.write( "The weekly demand and supply functions for a type of watch is given by
\n" ); document.write( "p=-0.1x^2-x+40 and p=0.1x^2+2x+20 respectively,
\n" ); document.write( "where p is measured in dollars and x is measured in units of a hundred. Find the equilibrium quantity and price.
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Algebra.Com's Answer #660641 by Boreal(15235)\"\" \"About 
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set the two equal to each other, for then it is in equilibrium.
\n" ); document.write( "-0.1x^2-x+40 =0.1x^2+2x+20, put everything on the right.
\n" ); document.write( "0=0.2x^2+3x-20
\n" ); document.write( "multiply everything by 5 to make the x^2 leading coefficient 1.
\n" ); document.write( "0=x^2+15x-100
\n" ); document.write( "0=(x+20)(x-5)
\n" ); document.write( "x=5, since x can't equal -20
\n" ); document.write( "That is 500 watches since x is hundreds.
\n" ); document.write( "now substitute into both, since they should be the same to check
\n" ); document.write( "-2.5-5+40=$32.50
\n" ); document.write( "2.5+10+20=$32.50
\n" ); document.write( "That is 500 watches at $32.50 each for the equilibrium price.
\n" ); document.write( "\"graph%28300%2C300%2C-10%2C10%2C-10%2C50%2C-0.1x%5E2-x%2B40%2C0.1x%5E2%2B2x%2B20%29\"
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