a. Estimate the equlibrium price and quantity of the market whose demand and supply functions are pa = -(q + 4)² + 100 and p3 = (q + 2)² respectively. -6- 2 A Showing all supporting working: b. If the region A (shaded grey) in the diagram above represents a solution set, derive the system of inequalities which define that region.
a. Estimate the equlibrium price and quantity of the market whose demand and supply functions are pa = -(q + 4)² + 100 and p3 = (q + 2)² respectively. -6- 2 A Showing all supporting working: b. If the region A (shaded grey) in the diagram above represents a solution set, derive the system of inequalities which define that region.
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter10: Inequalities
Section10.8: Systems Of Linear Inequalities
Problem 1E
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a. Estimate the equlibrium price and quantity of the market whose demand and supply functions arepd =−(q+4)2 +100 andps =(q+2)2 respectively.
Showing all supporting working:
b. If the region A (shaded grey) in the diagram above represents a solution set, derive the system of inequalities which define that region.
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