SOLUTION: Please help I do not know where to start or finish.
Business and Finance. The demand equation for a certain type of printer is given by:
D = -200p + 35,000
The supply equation i
Algebra ->
Customizable Word Problem Solvers
-> Geometry
-> SOLUTION: Please help I do not know where to start or finish.
Business and Finance. The demand equation for a certain type of printer is given by:
D = -200p + 35,000
The supply equation i
Log On
Question 78365: Please help I do not know where to start or finish.
Business and Finance. 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^2 + 400p – 20,000
Find the equilibrium price.
You can put this solution on YOUR website! The equilibrium is achieved when the demand = supply
==> -200p + 35,000 = -p^2 + 400p – 20,000
Adding p^2 - 400p + 20000 to both sides we get,
==> p^2 - 400p + 20000 - 200p + 35000 = 0
==> p^2 - 600p + 55000 = 0
==>
applying the quadratic formula.
==>
==>
==> p = 112.9 or 487.1
Thus the equilibrium price is 112.9 or 487.1
(