supply function has the equation q2=3p−80, and the demand function is given by the equation 3q2+6q=140−p. Find the equilibrium point for this market, that is, both the quantity and the unit price in
supply function has the equation q2=3p−80, and the demand function is given by the equation 3q2+6q=140−p. Find the equilibrium point for this market, that is, both the quantity and the unit price in
Chapter6: Systems Of Equations And Inequalities
Section6.2: Two-variable Linear Systems
Problem 9ECP
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A supply function has the equation q2=3p−80, and the demand function is given by the equation 3q2+6q=140−p. Find the equilibrium point for this market, that is, both the quantity and the unit price in equilibrium.
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