The demand for watched is given by p= 7000-2q dollars, and the supply of watches is given by p= 0.01q^2 +2q +1000 dollars, where q is the number of watches demanded and supplied when the price per watch is p dollars. Based on the information provided, calculate the equilibrium quantity and the equilibrium price for wstched
The demand for watched is given by p= 7000-2q dollars, and the supply of watches is given by p= 0.01q^2 +2q +1000 dollars, where q is the number of watches demanded and supplied when the price per watch is p dollars. Based on the information provided, calculate the equilibrium quantity and the equilibrium price for wstched
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter3: Linear And Nonlinear Functions
Section: Chapter Questions
Problem 26MCQ
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The demand for watched is given by p= 7000-2q dollars, and the supply of watches is given by p= 0.01q^2 +2q +1000 dollars, where q is the number of watches demanded and supplied when the price per watch is p dollars. Based on the information provided, calculate the equilibrium quantity and the equilibrium price for wstched
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