If the supply and demand functions for a commodity are given by 6p-q = 60 and (p+2)q = 4830, respectively, find the price that will result in market equilibrium.41150333125

given 6p-q=60.......1 (p+2)q=4830........2from equation 1, q=6p-60 put in euqation 2

Answered: If the supply and demand functions for…

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter8: Functions

Section8.CR: Review Problem Set

Problem 50CR

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If the supply and demand functions for a commodity are given by 6p -q = 60 and (p + 2)q = 4830 respectively, find the price that will result in market equilibrium. 41 150 33 31 25