Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given. Supply: p=20q Demand: p=-q² +8,000 The equilibrium quantity is q = at price p = $[ www

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter4: Systems Of Linear Equations
Section4.3: Solve Mixture Applications With Systems Of Equations
Problem 4.60TI: The manufacturer of a weight training bench spends $120 to build each bench and sells them for $170....
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Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given.
Supply: p=20q Demand: p= -q² +8,000
S
The equilibrium quantity is q = at price p = $.
View an example Get more help -
Transcribed Image Text:K Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given. Supply: p=20q Demand: p= -q² +8,000 S The equilibrium quantity is q = at price p = $. View an example Get more help -
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