price. J. If the demand function for a commodity is given by the equation p2+ 4g = 1600 and the supply function is given by the equation 300 – p + 2q = 0, find the equilibrium quantity and equilibrium price. %3D | nmod

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter4: Systems Of Linear Equations
Section4.3: Solve Mixture Applications With Systems Of Equations
Problem 158E: The manufacturer of an energy drink spends $1.20 to make each drink and sells them for $2. The...
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Exercise is attached.

p = price

q = quantity

 

Thanks a lot :)

pric
27. If the demand function for a commodity is given by
the equation p? + 4g = 1600 and the supply function
Is given by the equation 300 – p² + 2q = 0, find the
equilibrium quantity and equilibrium price.
%3D
%3D
od
Transcribed Image Text:pric 27. If the demand function for a commodity is given by the equation p? + 4g = 1600 and the supply function Is given by the equation 300 – p² + 2q = 0, find the equilibrium quantity and equilibrium price. %3D %3D od
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