Good morning, may you please help me. Thank you  If the supply function for a commodity is  p = q2 + 4q + 16  and the demand function is  p = −8q2 + 7q + 436,  find the equilibrium quantity and equilibrium price

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.CR: Review Problem Set
Problem 50CR
icon
Related questions
Question

Good morning, may you please help me. Thank you 

If the supply function for a commodity is 

p = q2 + 4q + 16

 and the demand function is 

p = −8q2 + 7q + 436,

 find the equilibrium quantity and equilibrium price

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill