supply and demand functions
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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1. If the supply and demand functions for a commodity are p 0.01q? +2q + 1000 and
p= 7000 – 2q respectively, find the equilibrium quantity and equilibríum price.
SOLVE ALGEBRAICALLY (in other words, carefully show the steps you used to find
the solution- a graph IS NOT enough).
Focus
15
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