document.write( "Question 1163793: The supply and demand functions for a product are 𝑞𝑠 = 𝑝
\n" );
document.write( "2 − 300 𝑎𝑛𝑑 𝑞𝑑 = 𝑝
\n" );
document.write( "2 − 30𝑝 + 2200 . Determine the
\n" );
document.write( "market equilibrium price and quantity.
\n" );
document.write( " \n" );
document.write( "
Algebra.Com's Answer #788132 by solver91311(24713)![]() ![]() You can put this solution on YOUR website! \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Set the supply function equal to the demand function and solve for equilibrium price. Then evaluate either function at equilibrium price to find the equilibrium quantity.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "John \n" ); document.write( " \n" ); document.write( "My calculator said it, I believe it, that settles it \n" ); document.write( " ![]() \n" ); document.write( " |