MICROECONOMICS CONNECT ACCESS
MICROECONOMICS CONNECT ACCESS
2nd Edition
ISBN: 9780077491703
Author: BERNHEIM
Publisher: MCG
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Chapter 2, Problem 6P
To determine

Equilibrium price, quantity demand, and quantity supplied.

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If the supply function for a commodity is p = q2 + 4q + 16 and the demand function is p = −8q2 + 7q + 436, find the equilibrium quantity and equilibrium price.
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