The supply function for a product is 2p – q - 30 = 0, while the demand function for the same product is (p + 10)(g + 30) = 6000. Find the market equilibrium point.(9, p) =

The supply and demand function are 2p-q-30=0 ⋯⋯1p+10 q+30=6000 ⋯⋯2 Substitute…

Answered: The supply function for a product is 2p…

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter8: Functions

Section8.CR: Review Problem Set

Problem 50CR

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The supply function for a product is 2p – q - 30 = 0, while the demand function for the same product is (p + 10)(g + 30) = 6000. Find the market equilibrium point. (9, p) =