Given: (q is the number of items) Demand function: \( d(q) = 153.6 - 0.2q^2 \) Supply function: \( s(q) = 0.4q^2 \) Find the equilibrium quantity: [________] items Find the equilibrium price: $ [________] [Submit Question button]

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Given: (q is the number of items)

Demand function: \( d(q) = 153.6 - 0.2q^2 \)

Supply function: \( s(q) = 0.4q^2 \)

Find the equilibrium quantity: [________] items

Find the equilibrium price: $ [________]

[Submit Question button]
Transcribed Image Text:Given: (q is the number of items) Demand function: \( d(q) = 153.6 - 0.2q^2 \) Supply function: \( s(q) = 0.4q^2 \) Find the equilibrium quantity: [________] items Find the equilibrium price: $ [________] [Submit Question button]
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