Suppose the supply function for a product is p = .1q2 + 1 and the demand...

Question

Question

Suppose the supply function for a product is p = .1q² + 1 and the demand function is

p = 85 -.2q -.1q² where p is the price and q is the quantity. Find the equilibrium price and quantity.

math algebra

Answer 1

Answer #1

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Answer 2

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