a. Estimate the equlibrium price and quantity of the market whose demand and supply functions are pa = -(q + 4)2+ 100 and p, = (q + 2)² respectively. Showing all supporting working: b. If the region A (shaded grey) in the diagram above represents a solution set, derive the system of inequalities which define that region.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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a. Estimate the equlibrium price and quantity of the market whose demand and supply functions
are pd = −(q + 4)2 + 100 and ps = (q + 2)2
respectively.

b. If the region A (shaded grey) in the diagram above represents a solution set, derive
the system of inequalities which define that region.

a. Estimate the equlibrium price and quantity of the market whose demand and supply functions
are pa = -(q + 4)2+ 100 and p, = (q + 2)² respectively.
Showing all supporting working:
b. If the region A (shaded grey) in the diagram above represents a solution set, derive
the system of inequalities which define that region.
Transcribed Image Text:a. Estimate the equlibrium price and quantity of the market whose demand and supply functions are pa = -(q + 4)2+ 100 and p, = (q + 2)² respectively. Showing all supporting working: b. If the region A (shaded grey) in the diagram above represents a solution set, derive the system of inequalities which define that region.
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