Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given. Supply: p= 80q Demand: p= -q² +4,800 The equilibrium quantity is q = at price p = $ C

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.
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Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given.
2
Supply: p = 80q Demand: p=q² + 4,800
The equilibrium quantity is q =
at price p = $
Transcribed Image Text:Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given. 2 Supply: p = 80q Demand: p=q² + 4,800 The equilibrium quantity is q = at price p = $
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