Supply and Demand The supply function for a product is given by p = q + 578 and the demand function for this product is p = 396 + q2, where p is theprice in dollars and q is the number of units. Find theprice that gives market equilibrium and the equilibrium quantity.

Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
Chapter4: Complex Numbers
Section: Chapter Questions
Problem 40RE
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Supply and Demand The supply function for a product is given by p = q + 578 and the demand function for this product is p = 396 + q2
, where p is the
price in dollars and q is the number of units. Find the
price that gives market equilibrium and the equilibrium quantity.

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