Given a supply function S(q) = q² + 3q and demand function D(q) = 1968 – 4q, determine the price and quantity for market equilibrium.

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter6: Systems Of Equations And Inequalities
Section6.2: Two-variable Linear Systems
Problem 9ECP
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Given a supply function S(q) = q² + 3q and demand function D(q)
1968 – 4q, determine the price and quantity for market equilibrium.
Transcribed Image Text:Given a supply function S(q) = q² + 3q and demand function D(q) 1968 – 4q, determine the price and quantity for market equilibrium.
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