If the supply function for a commodity is p=q^2 +8q +16 and the demand function is p = -9q +6q + 426, find the equilibrium quantity and equilibrium price
If the supply function for a commodity is p=q^2 +8q +16 and the demand function is p = -9q +6q + 426, find the equilibrium quantity and equilibrium price
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
If the supply function for a commodity is p=q^2
+8q +16 and the demand function is
p = -9q +6q + 426, find the equilibrium quantity and equilibrium price.
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