Sunday
April 20, 2014

Homework Help: Calculus/Algebra

Posted by Sam on Monday, January 28, 2013 at 8:21am.

Let the demand and supply functions be represented by p=D(q) and p=S(q), respectively, where p is the price per item in dollars and q is the quantity of items. D(q) = 42-.03q S(q) = .02q -20

Find the equilibrium price. Hint: you will first find the equilibrium quantity (q) and once you know this you can find the equilibrium price (p)

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Calculus - The supply and demand functions for a certain commodity are given by...
ecomonics - I am trying to understand the math part of supply and demand . I am ...
algebra - Supply and demand. The supply and demand for the sale of stereos by ...
Calculus 1 - Find the equlibrium point for each pair demand and supply function...
math - i also need help with this one: Supply and Demand let the supply and ...
economics - in the simple economics of a competitive market price increases ...
Mircoeconomics: Elasticity - Please help! I have a mid-term test in a couple of ...
Supply and Demand - 50) the monthly demand and supply functions for the Luminar ...
Econ - How does the aggregate goods and services market differ from the regular...
statistics - 20. Supply and Demand Let the supply and demand functions for ...

Search
Members