document.write( "Question 122059: D=-200p + 35,000The supply equation is predicted to be
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document.write( "S= -p^2 +400p –20,000Find the equilibrium price. \n" );
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Algebra.Com's Answer #89668 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! D =-200p + 35,000 The supply equation is predicted to be \n" ); document.write( "S = -p^2 +400p –20,000 Find the equilibrium price. \n" ); document.write( ": \n" ); document.write( "I assume you mean that equilibrium price (p) occurs when D = S, so we have; \n" ); document.write( ": \n" ); document.write( "-200p + 35000 = -p^2 + 400p - 20000 \n" ); document.write( ": \n" ); document.write( "Arrange as a quadratic equation on the left: \n" ); document.write( "+p^2 - 200p - 400p + 35000 + 20000 = 0 \n" ); document.write( ": \n" ); document.write( "p^2 - 600p + 55000 = 0 \n" ); document.write( ": \n" ); document.write( "Use the quadratic formula to find p: \n" ); document.write( "a = 1; b = -600; c = 55000 \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( " \n" ); document.write( "Solution 1 \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "p = $487.08 \n" ); document.write( ": \n" ); document.write( "Solution 2: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "p = $112.92 \n" ); document.write( ": \n" ); document.write( "You should check both solutions by substitution in the original equation\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |