The equilibrium price of the given demand and supply functions is p = 15*D+30 p = 100(1.5*s) + 30 Select one: O a. 2 O b. 30 Oc 225 O d. 255 O e. None of the above

The equilibrium price of the given demand and supply functions is p = 15D+30 p = 100(1.5s) + 30 Select one: O a. 2 O b. 30 Oc 225 O d. 255 O e. None of the above

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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Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.

Question

The equilibrium price of the given demand and supply functions is
p = 15*D +30
p = 100(1.5*s) + 30
Select one:
O a. 2
O b. 30
Oc 225
O d. 255
O e. None of the above

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Pls help me for this homwork -)
Consider the following model of a market for a good, in which Qs is quantity produced, Qd is quantity purchased and P is the price of the good. Qs=j+kP Qd=l-mP Assume that j=10, k=1, l=50, m=3. When Qs=Qd what will the price be? a. 15 b. 12 c. 10 d. 20
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Pls help with this homework, asking remaining part d & e again. I have already solved part a,b & c. Find the equilibrium price and quantity for each of the following pairs of demand and supply functions.
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