SOLUTION: The supply function for a product is 2p − q − 20 = 0, while the demand function for the same product is (p + 10)(q + 30) = 6600. Find the market equilibrium point.

Algebra ->  Quadratic Equations and Parabolas  -> Quadratic Equations Lessons  -> Quadratic Equation Lesson -> SOLUTION: The supply function for a product is 2p − q − 20 = 0, while the demand function for the same product is (p + 10)(q + 30) = 6600. Find the market equilibrium point.       Log On


   

Question 840162: The supply function for a product is
2p − q − 20 = 0,
while the demand function for the same product is
(p + 10)(q + 30) = 6600.
Find the market equilibrium point.
(q, p) =
Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
p = 50, q = 80