document.write( "Question 122754: Solve.\r
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document.write( "The demand equation for a certain type of printer is given by d = -200p + 35,000. The supply equation is predicted to be s = -p squared + 400p - 20,000. Find the equilibrium price. \n" );
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Algebra.Com's Answer #90114 by stanbon(75887) ![]() You can put this solution on YOUR website! The demand equation for a certain type of printer is given by d = -200p + 35,000. The supply equation is predicted to be s = -p squared + 400p - 20,000. Find the equilibrium price. \n" ); document.write( "------------ \n" ); document.write( "Equilibrium occurs when demand = supply \n" ); document.write( "------------ \n" ); document.write( "-p^2+400p-20,000 = -200p+35000 \n" ); document.write( "p^2-600p+55000 = 0 \n" ); document.write( "p=[600 +- sqrt(600^2-4*55000)]/2 \n" ); document.write( "p=[600 +- sqrt(140000)]/2 \n" ); document.write( "p = $112.92 or p=$487.08 \n" ); document.write( "==================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " \n" ); document.write( " |