Q5 a. Estimate the equlibrium price and quantity of the market whose demand and supply functions are pa = -(q + 4)? + 100 and p, = (q + 2)? respectively. -6- 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. END OF ASSIGNMENT
Q5 a. Estimate the equlibrium price and quantity of the market whose demand and supply functions are pa = -(q + 4)? + 100 and p, = (q + 2)? respectively. -6- 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. END OF ASSIGNMENT
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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