SOLUTION: The supply and demand functions for a product are 𝑞𝑠 = 𝑝2 − 300 𝑎𝑛𝑑 𝑞𝑑 = 𝑝2 − 30𝑝 + 2200 . Determine the market equilibrium price and quantity..

Algebra ->  Functions -> SOLUTION: The supply and demand functions for a product are 𝑞𝑠 = 𝑝2 − 300 𝑎𝑛𝑑 𝑞𝑑 = 𝑝2 − 30𝑝 + 2200 . Determine the market equilibrium price and quantity..      Log On

Make an equation  Qs = Qd, which is


     = 


and then solve it for p.