Ms.Mitchell, the CEO of CrunchOs, noticed her famous cereal brand has a demand and supply curve of p= q^2-100 and p=900-30q respectively , where p is price in dollars and q in thousands of kilograms. i) Identify the equilibrium quantity ? ii) Identify the equilibrium price?

Economics For Today
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ISBN:9781337613040
Author:Tucker
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Chapter4: Markets In Action
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  1. Ms.Mitchell, the CEO of CrunchOs, noticed her famous cereal brand has a demand and supply curve of p= q^2-100 and p=900-30q respectively , where p is price in dollars and q in thousands of kilograms.

i) Identify the equilibrium quantity ?

ii) Identify the equilibrium price?

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