The supply and demand functions for a product are 9s = 4p2 – 500 and qa = 3p² – 20p + 1000 . Determine the market equilibrium price and quantity. Also draw the supply-demand equilibrium graph. %3D

The supply and demand functions for a product are 9s = 4p2 – 500 and qa = 3p² – 20p + 1000 . Determine the market equilibrium price and quantity. Also draw the supply-demand equilibrium graph. %3D

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter3: Supply And Demand: Theory

Section: Chapter Questions

Problem 8WNG

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The supply and demand functions for a product are 4s = 4p? – 500 and qa = 3p² – 20p + 1000 . Determine the
market equilibrium price and quantity. Also draw the supply-demand equilibrium graph.
%3D

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