Supply and Demand
posted by Steff on .
50) the monthly demand and supply functions for the Luminar desk lamp are given by
p=d(x)= -1.1x^2 + 1.5x + 40
p= s(x)= 0.1x^2 + 0.5x + 15
respectively, where p is measured in dollars and x in units of a thousand. Find the equilibrium quantity and price.