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Mary sells bottles of lemonade. The demand function for her lemonade is given by D(q)=100−1.5q, and the supply function is S(q)=0.75q, where q is the quantity of bottles produced. What is price paid by the consumer when q=20?

Mary sells bottles of lemonade. The demand function for her lemonade is given by D(q)=100−1.5q, and the supply function is S(q)=0.75q, where q is the quantity of bottles produced. What is price paid by the consumer when q=20?

College Algebra
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter3: Polynomial And Rational Functions
Section3.1: Quadratic Functions And Models
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Mary sells bottles of lemonade. The demand function for her lemonade is given by

D(q)=100−1.5q,

and the supply function is

S(q)=0.75q,

where q is the quantity of bottles produced. What is price paid by the consumer when q=20?

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