If the demand function for a commodity is given by the equation  p2 + 16q = 1800  and the supply function is given by the equation  500 − p2 + 10q = 0,  find the equilibrium quantity and equilibrium price.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter7: Systems Of Equations And Inequalities
Section7.1: Systems Of Linear Equations: Two Variables
Problem 2SE: If you are performing a break-even analysis for a business and their cost and revenue equations are...
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If the demand function for a commodity is given by the equation 

p2 + 16q = 1800

 and the supply function is given by the equation 

500 − p2 + 10q = 0,

 find the equilibrium quantity and equilibrium price. 

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