A supply function has the equation is p = · -q²+20, and the demand function is decribed by the equation p=86-6q-3q². Algebraically determine the equilibrium point for the supply and demand functions. Round your answer to two decimal places. E(3.57,-5.28) E(-5.28,26.37) | E(1⁄2, 86) E(3.57, 26.37)

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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A supply function has the equation is p = = 2/1/²+20₁
-20, and the demand function is decribed by the equation
p=86-6q-3q². Algebraically determine the equilibrium point for the supply and demand functions. Round
your answer to two decimal places.
E(3.57, -5.28)
E(-5.28, 26.37)
E.8
86)
E(3.57, 26.37)
E(3.57, 6.37)
Transcribed Image Text:A supply function has the equation is p = = 2/1/²+20₁ -20, and the demand function is decribed by the equation p=86-6q-3q². Algebraically determine the equilibrium point for the supply and demand functions. Round your answer to two decimal places. E(3.57, -5.28) E(-5.28, 26.37) E.8 86) E(3.57, 26.37) E(3.57, 6.37)
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