If the demand function for a commodity is given by the equation p2 + 4q = 1400 and the supply function is given by the equation 300 − p2 + 14q = 0, find the equilibrium quantity and equilibrium price. (Round your answers to two decimal places.) equilibrium quantity = equilibrium price
If the demand function for a commodity is given by the equation p2 + 4q = 1400 and the supply function is given by the equation 300 − p2 + 14q = 0, find the equilibrium quantity and equilibrium price. (Round your answers to two decimal places.) equilibrium quantity = equilibrium price
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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If the demand function for a commodity is given by the equation
p2 + 4q = 1400 and the supply function is given by the equation 300 − p2 + 14q = 0, find the equilibrium quantity and equilibrium price. (Round your answers to two decimal places.)
equilibrium quantity | = | |
equilibrium price | $ |
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